The fraction 5/11 is equal to 45.45% when converted to a percentage and rounded to two decimal places. This means that if you had 11 equal parts of something and took 5 of those parts, you'd have about 45.45% of the whole. It's a bit less than half, but more than a third.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 5 out of 11 people in a group prefer chocolate ice cream, you could say that 45.45% of the group likes chocolate best. Or if you completed 5 out of 11 tasks on your to-do list, you'd be about 45.45% done with your work for the day.