Answer:
a) z = -1.645
b) z = 0.674
Explanation:
We have to find the value of z of a standard normal variable Z that satisfies each of the following conditions.
a) 5% of the observations fall below z
Calculation the value from standard normal z table, we have,
b) 25% of the observations fall above z
Calculation the value from standard normal z table, we have,