5/300 = ≈1.67%
Rounded to 2 decimal places.
A value like 5/300, or about 1.67%, can show up when only a small number of items in a large group are affected. For example, 5 damaged products in a shipment of 300 would be a very low defect rate.
To picture 1.67% quickly, think of about 2 people out of every 100, or roughly 1 person out of every 60. It is much less than 5%, so it represents a small slice of the whole.
A common mistake is to read 5/300 as 5%, because the numerator is 5. The denominator matters just as much: 5 out of 300 is far smaller than 5 out of 100.
