3/64 = ≈4.69%
Rounded to 2 decimal places.
A value like 3/64, or about 4.69%, can show up when a small share of a group is being described, such as a few items in a large batch being defective. It is also useful for thinking about small chances or portions in everyday situations.
To picture it quickly, think of it as just under 5 out of every 100. That is a little less than one-twentieth, so it is a small but noticeable slice.
One common mistake is to read 4.69% as nearly 4.69 out of 10 rather than 4.69 out of 100. The percent sign means “per hundred,” which keeps the value much smaller than that.