43,560 square feet in an acre. .33 x 43,560 = 14,374.8 square feet (if the .33 is rounded from 1/3, then 14,520 square feet in one-third of an acre)
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0.033 = 033/1000 = 33/1000 which cannot be simplified.
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one example is population density, population number / area of country (sq. miles) england = 52 000 000 / 50 346 = 1 033 people / sq. mile
A 21 Gage Steel plate is about 1/32 inch thick. Various charts put it at .032" to .033". That is for plain steel. Galvanized, aluminum and stainless have different measurements for the same gage.