1. The problem is to simplify the fraction $\frac{2}{6}$. 2. The formula to simplify a fraction is to divide the numerator and denominator by their greatest common divisor (GCD). 3. Find the GCD of 2 and 6, which is 2. 4. Divide numerator and denominator by 2: $$\frac{2}{6} = \frac{\cancel{2}^1}{\cancel{6}^3} = \frac{1}{3}$$ 5. The simplified fraction is $\frac{1}{3}$. 6. This means 2 parts out of 6 is equivalent to 1 part out of 3 when simplified.