The fraction 1/78 is equal to 1.28% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents a tiny portion of a whole, just over one hundredth. It's not a common fraction you'd encounter in everyday life, but it can be useful in certain calculations or statistical analyses.
To put 1.28% into perspective, imagine a large group of 100 people. If you were to select just one person from that group, they would represent about 1% of the total. Now, picture a even bigger group of 7,800 people - choosing only one person from that crowd would give you roughly the same percentage as 1/78. This fraction and its equivalent percentage are often used in fields like finance, science, and data analysis where precise measurements of small quantities are important.
