Step 1 :Given that \(\alpha=0.12\), we are asked to find the z-score that corresponds to the 12th percentile in a standard normal distribution.
Step 2 :We can use the inverse of the cumulative distribution function (CDF) to find this z-score, which returns the x-value that corresponds to a given percentile.
Step 3 :After calculation, we find that \(z_{\alpha} = -1.1749867920660904\).
Step 4 :Rounding to two decimal places as needed, we get \(z_{\alpha} = -1.17\).
Step 5 :Final Answer: The value of \(z_{0.12}\) is \(\boxed{-1.17}\).