1/32 = ≈3.13%
Rounded to 2 decimal places.
A value like 1/32, or about 3.13%, can describe a small chance, such as one outcome in a set of 32 equally likely outcomes. It can also help make sense of a small share of a group, like one item out of every 32.
To picture it, imagine 32 equal boxes with one shaded in: only a small part of the whole is shaded. You can also think of it as a little more than 3 out of every 100.
A common mix-up is reading 1/32 as “1/32 of a percent,” which is much smaller than the fraction itself. Also, 3.13% is a rounded value, so it is close rather than perfectly exact.