1/46 = ≈2.17%
Rounded to 2 decimal places.
A value like 1/46 can show up when one item is selected from a group of 46, such as one winning ticket, one assigned seat, or one survey response. It represents a small share of the whole: about 2.17%.
To picture it quickly, imagine 46 equal-sized boxes with only one shaded. That is close to 2 out of every 100, so you can estimate it as roughly two percent without needing to be exact.
A common mistake is thinking 1/46 is the same as 1/40 or exactly 2%, even though 46 does not divide evenly into 100. It is slightly greater than 2%, which is why the more precise estimate is about 2.17%.