The correct interpretation of the margin of error in the context of the situation is:
A. There can be 95 percent confidence the population of batteries has a battery life between 694-736 minutes.
This means that based on the sample mean of 715 minutes and the margin of error of 21 minutes, we can say, with 95% confidence, that the true population mean battery life lies within the interval from 694 to 736 minutes (i.e., 715 minutes ± 21 minutes).