2/98 = ≈2.04%
Rounded to 2 decimal places.
A value like 2/98, or about 2.04%, can show up when only a very small number of people in a large group have a certain result. For example, it could describe 2 defective items in a shipment of 98 or 2 students out of 98 choosing the same unusual answer.
To picture it quickly, imagine 100 people standing in a room and only about 2 of them stepping forward. Since 2.04% is very close to 2%, you can estimate it as roughly 2 out of every 100.
A common mistake is thinking 2/98 is exactly 2%, because the numbers look close to 2/100. It is slightly higher than 2%, since the same 2 items are being compared with a smaller total.
