Restore Windows 7 on my new Dell Inspiron N5050

Just got a new Dell Inspiron N5050 laptop.

Using it about 3 weeks and loving it.

Pop up window invited me to update Windows. Clicked Yes.

While  update was in progress, I accidently turned it off.

Now, It boots up, but moments afterward, it goes to Blue Screen of Death and, before I can even read the Blue Screen, it goes to Black Screen and asks how I would like to start up - Normal startup - Safe mode - Safe Mode with Prompts, etc.

So I want to restore it to an earlier time or just restore back to the beginning (factory settings).

Can I do this in one of the start up options on the Black Screen?