The fraction 11/24 is equal to 45.83% when converted to a percentage and rounded to two decimal places. This means that if you had a pie cut into 24 slices and took 11 of them, you'd have just under half of the pie. It's a bit less than half, but not by much.
In everyday situations, you might come across 11/24 or 45.83% in various contexts. For example, if a student got 11 questions right out of 24 on a quiz, their score would be 45.83%. Or if a recipe called for 11/24 of a cup of an ingredient, you'd be using slightly less than half a cup. Understanding these equivalents can be helpful in math, cooking, or any situation where you need to work with fractions and percentages.