To calculate the percent error, we can use the formula:
\[ \text{Percent Error} = \left( \frac{\text{Estimated Value} - \text{Actual Value}}{\text{Estimated Value}} \right) \times 100 \]
In this scenario:
- Estimated Value = 60 minutes
- Actual Value = 53 minutes
Now, we plug in the values:
\[ \text{Percent Error} = \left( \frac{60 - 53}{60} \right) \times 100 \]
Calculating the difference:
\[ 60 - 53 = 7 \]
Now we substitute that back into the formula:
\[ \text{Percent Error} = \left( \frac{7}{60} \right) \times 100 \]
Calculating the fraction:
\[ \frac{7}{60} \approx 0.1167 \]
Now, multiplying by 100:
\[ 0.1167 \times 100 \approx 11.67 \]
Finally, rounding to the nearest tenth:
\[ \text{Percent Error} \approx 11.7% \]
Thus, the percent error is 11.7%.