1/98 = ≈1.02%
Rounded to 2 decimal places.
A fraction like 1/98 can describe a small chance, such as roughly one person out of every 98 experiencing something in a survey. It is about 1.02%, so it represents only a small part of the whole.
To picture it quickly, imagine 98 people standing in a room, with just one of them chosen. That gives you a sense of how uncommon the value is without needing to work through the arithmetic.
A common mix-up is thinking 1/98 is the same as 1/100, or exactly 1%. They are close, but 1/98 is slightly larger, so its percentage is a little above 1%.