Variable | Obs Mean Std. Dev. Min Max

wage | 59 5.655085 9.735509 1.28 77.72

The claim is made that the population mean wage of people with above average looks is $ 9

. Formulate the null hypothesis and alternative hypothesis.

Calculate the t statistic. Use the critical value approach to test at the significance level 0.01

Clearly state the details along the way and remember to interpret your results.

Use critical value 2.66