A survey of working adults indicates that only 50% of them are satisfied with their jobs. A president of a big company believes that that more than 50% of employers at his company are satisfied with their jobs. To test his belief, he surveys a random sample of 100 employers, and 54 of them report that they are satisfied with their jobs. Can he conclude that more than 50% of employers at his company are satisfied with their jobs? Use 0.05 for level of significance.

Please use above to answer the questions.

1. Using symbols (H_0,H₁, p, - you do not have to use them all, just those that are appropriate in this situation) state null and alternative hypothesis. Please do not include anything that is not a direct answer of this question, You will not get any credit if you include more information than needed.

2. Find critical value(s). Use +/- if needed. Round your answer to the nearest thousandths.

3.Compute the test statistic. Round your answer to the nearest hundredths.

4.Summarize the results. Please do not include anything that is not a direct answer of this question, You will not get any credit if you include more information than needed.