The answer is not 138 - please answer below

A magazine company is planning to survey customers to determine the proportion who will renew their subscription for the coming year. The magazine wants to estimate the population proportion with 99% confidence and a margin of error equal to 0.06. What sample size isrequired?

Confidence Level

Critical Value

80%

z=1.28

90%

z=1.645

95%

z=1.96

99%

z=2.575