Yes, very easily, and welcome to the forum.
1. From Mail go to File, Add Account.
2. Enter your name, email address, and password.
3. If Automatically set up account is checked, uncheck it, and click Continue.
4. Set your incoming mail server to pop3.live.com
5. Set your user name to yourusername@hotmail.com. This must match your hotmail email address.
6. Set your password.
7. Set your out going mail server (SMPT) to smtp.live.com
8. Under Use Authentication set your user name to yourusername@hotmail.com. Again this must match your hotmail email address.
9. Set your password.
You can use anything for a description. I used Windows Live Hotmail. Happy emailing 🙂