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 about 45.83% of the whole pie. It's a bit less than half, but more than a third of the total.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 11 out of 24 students in a class wore glasses, you could say that 45.83% of the class wears glasses. Or if you completed 11 out of 24 tasks on your to-do list, you'd be 45.83% done with your list. This fraction and its percentage equivalent can be useful for understanding parts of a whole in many different contexts.