That's not what that column is supposed to mean afaict. The way I read it is it's showing that if the website requires hundreds of different parallel backend service calls to serve the page load, what's the probability a page load hits the p99 instrumentation latency?
We have a similar chart at my job to illustrate the point that high p99 latency on a backend service doesn't mean only 1% of end-user page loads are affected.