I'm pretending to be an engineer to design a product. Since I'm not actually a degree-holding, legit engineer, I need the help of someone who is!
What I'm trying to do is to select a suitable material to construct a cylindrical pressure vessel. You wouldn't use paper (in single sheet thickness) to make an air-compressor tank because the material's tensile strength is too low to contain the typical 150psi that must be stored, right? I want to know the formula for calculating this. Do not worry about the mechanics of the ends of the cylinder; I am only concerned with the outward forces exerted on the cylinder walls.

The information I have (and units I'm using):
-Tensile strength of various materials (psi)
-The thickness of the material (inch)
-The diameter of the tank to be constructed. (inch)
-The amount of pressure that must be held (psi)

Although the tensile strength and containable pressure are both measured in psi, I know there is some math involved that takes the cross-sectional shape and size of the containing vessel (in this case, circular) into account. Otherwise, a tank made from carbon-fiber could hold up to 175,000 psi at any size diameter and I know this is not the case. Its probably some stupidly simple formula that a mechanical engineer would think was common knowledge.

Thanks for your feedback.