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 lot but can still be significant in certain contexts. It's a bit less than one-tenth, so it's helpful to think of it as slightly more than half of 1/7.
In everyday life, you might encounter 1/14 or 7.14% in various situations. For example, if you're looking at sales data and see that 1/14 of customers bought a certain product, you'd know it's not a huge portion but still noteworthy. Or if you're dividing something into 14 equal parts, each part would be 1/14 of the whole. While it may seem like a small amount, in some cases, even this fraction can make a difference.