According to statistics reported on CNBC, a surprisingly lar…

According to statistics reported on CNBC, a surprisingly large proportion of motor vehicles are not covered by insurance. Later a sample of 1200 motor vehicles is collected and it is revealed that 264 of them are not covered by insurance. What are the correct Hypotheses and the correct test statistic to test whether the true proportion of motor vehicles that are not covered by insurance is different from 20 %?