Step 1 :The null and alternative hypotheses are: \n \[ H_{0}: \mu=52,100 \] \n \[ H_{a}: \mu \neq 52,100 \]
Step 2 :The value of the standardized test statistic is calculated using the formula for the t-statistic, which is (sample mean - population mean) / (sample standard deviation / sqrt(sample size)). Plugging in the given values, we get \[ t = \frac{51039 - 52100}{2300 / \sqrt{19}} = -2.01 \]
Step 3 :The critical values are found using a t-distribution table and the given level of significance, which is 0.01. Since we are doing a two-tailed test, we need to divide the level of significance by 2 to get the critical value for each tail of the distribution. The critical values are \[ \pm 2.878 \]
Step 4 :Final Answer: The null and alternative hypotheses are: \n \[ H_{0}: \mu=52,100 \] \n \[ H_{a}: \mu \neq 52,100 \] \n The value of the standardized test statistic is \[ \boxed{-2.01} \] \n The critical values are \[ \boxed{-2.878}, \boxed{2.878} \]