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To find the percent error, we need to find the difference between the predicted time and the actual time, and then divide it by the predicted time.
The difference between the predicted time and the actual time is 60 - 53 = 7 minutes.
To find the percent error, we divide by the predicted time: (7/60) * 100 = 11.7%
Since the actual time is less than the predicted time, the percent error is negative.