Actually, in this case, no.
You don't want to use Hooke's law here*. When the
weight block falls a total distance of 1.19 m, its velocity has momentarily dropped to zero, but its acceleration is at maximum. In other words, the
net force on the block is certainly not zero; the force on the
mass block from the spring is certainly greater than the
weight's block's weight. Otherwise the
weight block wouldn't shoot back up.
In this case you can apply principles of conservation of energy to find the spring constant.
*There is another trick to find the spring constant by using Hooke's law directly, if you can first figure out the distance at which the
weight's block's acceleration, rather than velocity, is zero.** But conservation of energy might be a little more intuitive, and gives the same answer.
[Edit: Try and see if you can calculate the spring constant using both methods. That way you can double check your answer!

]
**[Another edit: To help find out where this point is, ask yourself, "along this 1.19 m traveled, at what point does the
weight block stop speeding up and start slowing down?" Symmetry might be useful here.]
[A final edit: I went though my post and reworded my answer, crossing terms out where appropriate, calling the "weight" a "block." The problem statement calls it "a weight." But good golly that can get confusing when talking about the "weight's mass," "weight's weight," "acceleration of the weight," ... I mean good grief, what a horrible term to call the thing. So I just replaced the term with "block" when I'm talking about the physical thingy, and used the term "weight" only when I'm talking about how much the thingy weighs.]