The fraction 62/98 is equal to 63.27% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 62 parts out of a total of 98 parts. It's a bit more than half, showing that 62 is closer to 98 than it is to zero.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, it could represent a test score, where a student got 62 questions correct out of 98 total questions. Or it might show up in statistics, like the portion of people who prefer one option over another in a survey. Understanding these numbers helps in making sense of data and comparisons in many areas of life.