A marketing researcher is hired by a corporation to conduct a study and estimate the population mean for the attribute of interest using a 98% confidence interval with a maximum error of 5. It will cost the researcher $15 per sample to conduct the study and the researcher has been given a budget of $750 to conduct the study. Based on prior studies the researcher can estimate the standard deviation using, σ≈16�≈16.   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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