The domain of $\sec^{-1} x$ is $|x| \geq 1$. Since $\frac{\sqrt{3}}{2}$ is in the interval $(-1, 1)$, $\sec^{-1} \left( \frac{\sqrt{3}}{2} \right)$ is undefined. Consequently, the set of values for $\sec^{-1} \left( \frac{\sqrt{3}}{2} \right)$ is empty. Therefore, both the assertion and the reason are correct.