A recent survey of 500 people reported that 67% of American adults believe that high gasoline prices are
caused by the greed of oil companies. The margin of error was reported as 3%. What does this margin of error mean?

Select one:

A. It is unlikely that the reported statistics would be 67%, unless the true value was between 64% and 70%

B. No more than 70% of the population believes that high
gasoline prices are caused by the greed of oil companies.

C. Three percent of the people were not surveyed

D. Three percent of the time, the value obtained would be
different from 6796

E. We are confident to a certain confidence level) that the actual parameter is between 64% and 70%.