The fraction 1/72 is equal to 1.39% when converted to a percentage and rounded to two decimal places. This small percentage represents a tiny portion of a whole, just over one percent. It's the kind of number you might encounter in statistics or probability calculations.
In everyday life, you probably won't see 1/72 or 1.39% very often. However, it could show up in certain situations. For example, if you're looking at the odds of a rare event happening or analyzing a large dataset. While it may seem insignificant, even small percentages like this can be important in some contexts, especially when dealing with large numbers or precise measurements.