What is the margin of error?
The margin of error tells you how far your survey result might sit from the truth, purely because you surveyed a sample rather than everyone. It's the "give or take" attached to every percentage you report.
If 62% of your respondents say they'd renew and your margin of error is ±4%, the honest statement is that somewhere between 58% and 66% of your whole customer base would say the same. The single number 62% is your best estimate, not a measurement.
What it does and doesn't cover