The fraction 54/98 is equal to 55.10% when converted to a percentage and rounded to two decimal places. This means that if you had 98 items and selected 54 of them, you'd be choosing about 55% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 54 out of 98 students passed a test, you could say that 55.10% of the class succeeded. Or if a weather forecast predicted a 54/98 chance of rain, you'd know there's a little over a 55% likelihood of precipitation. Understanding these equivalences can help in quickly grasping proportions and probabilities in daily life.