Answer:
So the answer for this case would be n=16 rounded up to the nearest integer
Explanation:
For this case we have the following info given:
represent the population deviation

represent the margin of error desired
The margin of error for the true mean is given by this formula:
(a)
And on this case we have that ME =0.03 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The confidence level is 80%, the significance would be
and
the critical value for this case is
, replacing into formula (b) we got:
So the answer for this case would be n=16 rounded up to the nearest integer