The fraction 1/84 is equal to 1.19% 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 percent. 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 this fraction into perspective, imagine dividing a pizza into 84 slices. If you only got one slice, you'd have 1/84 of the pizza. That's a pretty small piece! In terms of probability, if you had an 1/84 chance of winning a prize, it would be quite unlikely that you'd win. However, in some contexts, even small percentages like 1.19% can be significant, especially when dealing with large numbers or precise measurements.
