Janyss purchases a new car and the salesperson's "quick check" estimates that the monthly payment on the car will be $456.87. When the monthly payment bill arrives, it is $471. Compute the percent error. (Simplify your answer completely.) PE = Determine whether the "quick check" estimate was a good estimate using the 5% guideline.

Since this percent error is greater than 5%, we see that the "quick check" estimate was a good estimate.
Since this percent error is greater than 5%, we see that the "quick check" estimate was not a good estimate.
Since this percent error is less than 5%, we see that the "quick check" estimate was a good estimate.
Since this percent error is less than 5%, we cannot determine if the "quick check" estimate was or was not a good estimate.
Since this percent error is less than 5%, we see that the "quick check" estimate was not a good estimate.