1/93 = ≈1.08%
Rounded to 2 decimal places.
A value like 1/93, or about 1.08%, can show up when tracking how often something uncommon happens, such as a product having a defect or a person in a large group needing a certain service. It describes a small share, but not an impossible one.
To picture it quickly, think of about one person in a group of 100. Since 1/93 is a little larger than 1 in 100, imagine just slightly more than one person for every hundred.
A common mix-up is treating 1.08% as if it meant 1.08 out of 1, rather than a little over one out of 100. Also, a percentage is a rate, so it does not always mean there will be exactly one person in every group of 93.
