Solve the Problem

Multiple Choice

Solve the problem. Round your answer to the nearest whole number unless indicated otherwise.
-A government survey conducted to estimate the mean price of houses in a metropolitan area is designed to have a margin of error of $10,000. Pilot studies suggest that the population standard deviation is $40,000. Estimate the minimum sample size needed to estimate the population mean with the stated accuracy.

A) 4096
B) 64
C) 32
D) 8