Using it's concept, it is found that the percent error for this prediciton is of 60%.
The percent error of an amount is the absolute value of the difference between the actual amount and the expected amount, multiplied by 100% and divided by the expected amount.
In this problem:
Hence, the percent error is given by:
P = |8 - 5|/5 x 100% = 3/5 x 100% = 0.6 x 100% = 60%.
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