To calculate the percent error in their prediction, we can use the following formula:
In this case, the predicted time is 60 minutes, and the actual time they finished is 53 minutes.
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Calculate the difference:
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Calculate the percent error:
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Perform the division:
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Multiply by 100:
Since we typically report percent error as a positive value, we take the absolute value:
Thus, the percent error, rounded to the nearest tenth, is 11.7%.