The fraction 1/14 is equal to 7.14% when expressed as a percentage (rounded to two decimal places). This small fraction represents about one-fourteenth of a whole, which isn't a very large amount. It's less than one-tenth but more than one-twentieth of something.
You might encounter 1/14 or 7.14% in various real-world situations. For example, if you're looking at sales data and see that 1/14 of customers bought a certain product, it means about 7 out of every 100 customers made that purchase. Or in academics, scoring 1/14 on a test would be a pretty low grade, equivalent to about 7% correct answers. Understanding these equivalent forms can help in quickly grasping proportions and making comparisons in everyday scenarios.