The fraction 1/33 is equal to 3.03% when expressed as a percentage (rounded to two decimal places). This small fraction represents just over 3 percent of a whole, which means it's a relatively small portion. To put it in perspective, if you had a pizza cut into 33 equal slices, taking just one slice would give you about 3% of the entire pizza.
In everyday life, you might encounter 1/33 or 3.03% in various situations. For example, if you're looking at sales data and see that 1 out of every 33 customers makes a purchase, that's a conversion rate of about 3%. Or if you're reviewing test scores and find that students got an average of 1 out of 33 questions wrong, that would mean they scored roughly 97% correct. Understanding these small fractions and percentages can help you make sense of data and statistics you come across in daily life.