The observations are important as they allow for a better understanding of the process of photosynthesis within plants by providing an indication of the rate. The findings suggest the amount of chlorophyll within a plant (though it drives photosynthesis) may not have a large effect on the overall rate of photosynthesis within a plant, which may describe why plants produce white leaves as well as green. The experiment may allow for a more clear understanding of the  formation of plants in terms of leaf color and the colors absorbed by plant leaves. 

Errors that may have affected the outcome of the experiment may be a result of the light pads not providing enough light energy and the use of different leaves in both experiments. If the light pads were not completely focused onto the leaves in the same way for both experiments, then the amount of light energy received may be different. The greater the amount of light energy provided, then the more rapid the rate of photosynthesis. Either experiment may have gained a benefit or a disadvantage based on the light pads. Additionally, the use of different leaves may cause a difference as the colors may not have been exactly white or exactly green depending on the leaf. While the same plant was used, different leaves may have a different sort of waxiness or age that could produce another variable to affect the rate of photosynthesis. The data may have either increased or decreased depending on this variable as it could produce multiple effects unto both experiments. Overall, more trials and more leaves may reduce these errors. 

Prediction: If the plant has greener leaves then it will have a greater rate of photosynthesis in comparison to a plant with whiter leaves due to the amount of chlorophyll in the leaves.