Please answer the following question using the provided output:

Test the significance of the regression slope 1 at the 5% level (use the critical value approach) and interpret it's meaning (specify the units of the coefficient). Make sure to provide hypotheses, test statistic, critical value, decision with justification.

Simple linear regression results:

Dependent Variable: Wages Independent Variable: LOS Wages = 43.898554 + 0.059247663 LOS Sample size: 58 R (correlation coefficient) = 0.30409097 R-sq = 0.092471321 Estimate of error standard deviation: 9.6517109

Parameter estimates:

Parameter	Estimate	Std. Err.	Alternative	DF	T-Stat	P-value
Intercept	43.898554	2.1319695	0	56	20.590611	<0.0001
Slope	0.059247663	0.02480298	0	56	2.3887317	0.0203

Analysis of variance table for regression model:

Source	DF	SS	MS	F-stat	P-value
Model	1	531.54904	531.54904	5.7060389	0.0203
Error	56	5216.7093	93.155523
Total	57	5748.2583