Below is a bar graph representing the water on earth. Which explanation accurately describes the water on earth?

The bar graph indicates that the majority of the water on Earth is in the oceans, accounting for approximately 97% of all water. The remaining 3% is distributed between glaciers and ice caps, groundwater, and rivers and lakes. This demonstrates that water on Earth is largely contained in the oceans, with only a small percentage being stored in other forms such as ice, groundwater, and surface water sources.