To see the "Real Memory" used by Docker, right-click the column names in Activity Monitor and Select "Real Memory". The value in this column is what's currently physically allocated to com.docker.hyperkit.
Alternate answer: I reduced the number of CPUs and Memory Docker is allowed to use within the Docker Resources preferences. My computer is running faster and quieter now.
I just now put this in place, so time will tell if this solution works for me. Before it was making my computer max out on memory. Now it's significantly reduced.
Thank you for the note on real memory. I added that to my Activity Monitor.
UPDATE: It's been a few days now and my computer runs well below the max of memory and my fan runs at a minimum if at all.