A publisher reports that 61% of their readers own a particular make of car. a marketing executive wants to test the claim that the percentage is actually above the reported percentage. A random sample of 310 found that 64% of the readers owned a particular make of car. Is there sufficient evidence at the 0.01 level to support the executives claim?
State the null and alternative hypotheses, find the value of the test statistic, specify if the test is one or two tailed, determine the decision rule for rejecting the null Ho, and state the conclusion of the hypothesis test.