Answer
$15.79\%$
Work Step by Step
Using
$$
\text{percent error}=\frac{|\text{estimated value}-\text{actual value}|}{\text{actual value}}
,$$ then
$$\begin{aligned}
\text{percent error}&=\frac{|5.5-4.75|}{4.75}
\\&=
\frac{0.75}{4.75}
\\&\approx
0.1579
\\&\approx
15.79\%
.\end{aligned}
$$
Hence, the percent error in the estimation is approximately $15.79\%$.