To calculate the percent error, we can use the formula:
\[ \text{Percent Error} = \left( \frac{\text{Actual Value} - \text{Predicted Value}}{\text{Predicted Value}} \right) \times 100 \]
In this case:
- Actual Value (time they finished) = 53 minutes
- Predicted Value (time they expected) = 60 minutes
Now substituting the values into the formula:
\[ \text{Percent Error} = \left( \frac{53 - 60}{60} \right) \times 100 \] \[ = \left( \frac{-7}{60} \right) \times 100 \] \[ = -11.67 % \]
Since percent error is usually expressed as a positive value, we can take the absolute value:
\[ \text{Percent Error} \approx 11.67% \]
Therefore, the percent error in their prediction is approximately 11.67%.