If the pH were exactly 2, $[\text{H}^+]$ would be $10^{-2} = 0.01$, making $\alpha = \frac{0.01}{0.1} = 0.1$. Because the pH is slightly higher at 2.34, the acidity is lower, meaning $\alpha$ must be somewhat smaller than $0.1$. The value $0.045$ ($4.5 \times 10^{-2}$) fits perfectly!