A researcher conducted a survey of 500 voting adults at a particular party fund-raiser to estimate the average amount of money electorates contribute to candidates of their choice each election cycle. The data is normally distributed, with the highest amount being $8,750 and the lowest amount being $50. The sample mean is $125. What is the margin of error (ME), rounded to the nearest hundredth?
ME = ±$134.23
ME = ±$64.85
ME = ±$254.69
ME = ±$129.69
