Answer:
a) z = -1.645
b) z = 0.674
Step-by-step 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
[tex]=P(Z < z) = 0.05 [/tex]
Calculation the value from standard normal z table, we have,
[tex]P(Z<-1.645) = 0.05\\z = -1.645[/tex]
b) 25% of the observations fall above z
[tex]P(Z > z) = 0.25\\\Rightarrow P(Z<z) = 1 - P(Z>z) = 1 - 0.25 = 0.75[/tex]
Calculation the value from standard normal z table, we have,
[tex]P(Z<0.674) = 0.75\\z = 0.674[/tex]