Suppose that an estimate of the population mean is 150 with Margin of Error of 50 at confidence 95%. How would you interpret this statement?

Suppose that an estimate of the population mean is 150 with Margin of Error of 50 at confidence 95%. How would you interpret this statement?

5% chance that the sample mean falls outside the interval.

We would expect (100, 200) to contain 95% of sample means

The estimate cannot be off by more thank 50

The true mean is between 100 and 200 with probability 95%