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3) A nationwide survey of working adults indicates that only 50% of them are satisfied with...

3) A nationwide survey of working adults indicates that only 50% of them are satisfied with their jobs. The president of a large company believes that more than 50% of employees at his company are satisfied with their jobs. To test his belief, he surveys a random sample of 25 employees, and 15 of them report that they are satisfied with their jobs. Can he conclude that more than 50% of employees at the company are satisfied with their jobs? Use the α = 0.01 level of significance.

You must show each of the four hypothesis test steps.
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