2/98 = ≈2.04%
Rounded to 2 decimal places.
A value like 2.04% might describe a small share of people who choose a particular option in a survey. You could also see a rate this low when tracking rare events or defects.
To picture it quickly, think of about 2 people out of every 100, or roughly 1 person in 50. It’s a small slice, but not so tiny that it would be surprising to find a few examples in a large group.
A common mix-up is reading 2.04% as if it meant 2.04 out of 1, which is much larger than it really is. The percent sign means the value is measured in hundredths.
