Europeans are only saving 32% of their salary for retirement. In order to determine how prepared they are for retirement, a random sample of 340 Europeans was recently selected, and it was found that 116 of them made contributions to their retirement plans this year. Using o = 0.01, complete parts a through c. a. Using a = 0.01, perform a hypothesis test to determine if the percentage of Americans who have made contributions to their 401(k) plan is more than 32%. Let p be the population proportion. Determine the null hypothesis, Ho, and the alternative hypothesis, H, . Ho : P H1 : P (Type integers or decimals. Do not round.) b. Determine the p-value for this test and interpret its meaning. Identify the critical value. =0 Round to two decimal places as needed.) Calculate the appropriate test statistic. Zp =(Round to two decimal places as needed.) Determine the p-value for this test and interpret its meaning. p-value = (Round to three decimal places as needed.) Interpret the meaning of the p-value. Choose the correct answer below. O A. Reject Ho. There is enough evidence to conclude that the percentage of employees who have made contributions to their 401(k) plan is more than 32%. O B. Do not reject Ho. There is not enough evidence to conclude that the percentage of employees who have made contributions to their 401(k) plan is more than 32%. O C. Reject Ho. There is not enough evidence to conclude that the percentage of employees who have made contributions to their 401(k) plan is more than 32%. antribu. a to thair Andfled alar than 2701