Would this be correct?
P = 2st/((d-2t)SF)
where,
P = max. working pressure (psig)
s = material strength (psi)
t = wall thickness (in)
d = outside diameter (in)
SF = safety factor (in general 1.5 to 10)
So, with a safety factor of 2,
P = 2(42,000)(0.5)/((1.5-1.0)2.0)
P = 42,000 PSI
Anyone...