The fraction 1/68 is equal to 1.47% when converted to a percentage and rounded to two decimal places. This small percentage represents a tiny portion of a whole, just slightly more than one and a half percent. It's the kind of number you might encounter in statistics or probability calculations.
In everyday life, you probably won't come across 1/68 or 1.47% very often. However, it could show up in certain situations, like the chance of a rare event happening or a small portion of a large group. For example, if you had a bag of 68 marbles and picked one at random, you'd have a 1/68 chance of selecting any specific marble. Understanding these small fractions and percentages can be useful in various fields, from science to finance.