The fraction 1/54 is equal to 1.85% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a tiny portion of a whole, just under 2%. It's the kind of number you might encounter in everyday situations, like the chance of winning a raffle or the amount of a small discount on a purchase.
To put 1.85% into perspective, it's less than one-fiftieth of the total. If you had a pizza cut into 54 equal slices, one slice would represent 1/54 or 1.85% of the whole pizza. This fraction and percentage are useful in various fields, including statistics, finance, and probability, where precise measurements of small quantities are often necessary.
