For Exercises 8.1 and 8.2, see page 419; for 8.3 and 8.4, see page 421; for 8.5 to 8.7, see page 423; for 8.8 to 8.11, see pages 425426; for 8.12, see page 426; for 8.13 and 8.14, see page 429; and for 8.15 and 8.16, see page 431.

Question 8.14

8.14 More information is needed

Refer to the previous exercise. Suppose that, after reviewing the results of the previous survey, you proceeded with preliminary development of the product. Now you are at the stage where you need to decide whether or not to make a major investment to produce and market the product. You will use another random sample of your customers, but now you want the margin of error to be smaller. What sample size would you use if you wanted the 95% margin of error to be 0.04 or less?