Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: The same amount of steel used to create eight solid steel balls, each with a radius of 1 inch, is used to create one larger steel ball. What is the radius of the larger ball?

[asy]
size(150);
filldraw(circle((0,0),1),gray);
filldraw(circle((.9,-.8),1),gray);
filldraw(circle((1.8,.9),1),gray);
filldraw(circle((2,0),1),gray);
filldraw(circle((2,-.4),1),gray);
filldraw(circle((3,-.4),1),gray);
filldraw(circle((4.8,-.4),1),gray);
filldraw(circle((3.2,.5),1),gray);

draw((6,.7)--(8,.7),Arrow);

filldraw(circle((11,.2),2),gray);
[/asy]
user