A marketing researcher is hired by a corporation to conduct a study and estimate the population mean for the attribute of interest using a 95% confidence interval with a maximum error of 3.5. It will cost the researcher $11 per sample to conduct the study and the researcher has been given a budget of $1,500 to conduct the study. Based on prior studies the researcher can estimate the standard deviation using, σ≈17�≈17.   Step 1 of 3 :   Calculate the minimum sample size needed for this study. Round your answer up to the nearest whole number.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A marketing researcher is hired by a corporation to conduct a study and estimate the population mean for the attribute of interest using a 95% confidence interval with a maximum error of 3.5. It will cost the researcher $11 per sample to conduct the study and the researcher has been given a budget of $1,500 to conduct the study. Based on prior studies the researcher can estimate the standard deviation using, σ≈17�≈17.
 
Step 1 of 3 :  
Calculate the minimum sample size needed for this study. Round your answer up to the nearest whole number.
 
 
 
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