For each question please state your null and alternative hypothesis, your p-value and conclusion of your hypothesis test.

A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it's convinced that more than 25% of current readers would subscribe. The magazine contacts a simple random sample of 500 current subscribers, and 137 of those surveyed expressed interest. What should the company do? Carry out a hypothesis test at the .01 significance level.