A company that produces socks wants to estimate the percent of the socks produced in a typical week that are defective. A random sample of $310$ socks produced in a certain week were inspected. Based on the sample, it is estimated that $12\%$ of all socks produced by the company in this week are defective, with an associated margin of error of $3.62\%$. Based on the estimate and associated margin of error, which of the following is the most appropriate conclusion about all socks produced by the company during this week?