C. Find p valueD. Make a decision **Automobiles Purchased**An automobile owner found that 20 years ago, 74% of Americans said that they would prefer to purchase an American automobile. He believes that the number is much greater than 74% today. He selected a random sample of 48 Americans and found that 42 said that they would prefer an American automobile. Can it be concluded that the percentage today is greater than 74%? At a significance level of α = 0.05, is he correct? Use the critical value method with tables. Do not round intermediate steps.### Part 1 of 5(a) **State the hypotheses and identify the claim.**Null Hypothesis \( H_0: p = 0.74 \) not claim Alternative Hypothesis \( H_1: p > 0.74 \) claimThis hypothesis test is a one-tailed test.**Alternate Answer:**\( H_0: p = 0.74 \) not claim \( H_1: p > 0.74 \) claimThis hypothesis test is a one-tailed test.**Graph Explanation**This section involves setting up hypotheses for a single population proportion test, with a primary focus on understanding whether the current preference exceeds the historical figure of 74%. The graph associated with these hypotheses would likely depict the critical region relevant to the one-tailed test at the 0.05 significance level.### Part 2 of 5(b) **Find the critical value(s).** Round the answer to two decimal places. If there is more than one critical value, separate them with commas.**Critical value(s):** [Input Box] The critical value(s) will determine the threshold at which we reject the null hypothesis, based on standard statistical tables for a Z-distribution at the given significance level.

Given p=0.74, level of significance ɑ=0.05, n=48, X=42

Automobiles Purchased An automobile owner found that 20 years ago, 74% of Americans said that they would prefer to purchase an American automobile. He believes that the number is much greater than 74% today. He selected a random sample of 48 Americans and found that 42 said that they would prefer an American automobile. Can it be concluded that the percentage today is greater than 74%? At a=0.05, is he corect? Use the critical value method with tables. Do not round intermediate steps. Part 1 of 5 (a) State the hypotheses and identify the claim. Ho: p= .74 not claim H₁: P> .74 claim This hypothesis test is a one-tailed Alternate Answer: Ho:p=0.74 not claim H₁ :p>0.74 claim This hypothesis test is a one-tailed test. Part: 1/5 Part 2 of 5 ▼test. (b) Find the critical value(s). Round the answer to two decimal places. If there is more than one critical value, separate them with commas. Critical value(s): 0,0.... X S