It's not that unbelievable. I've had my computer for about 3 years, 3 years * 365 days a year = 1095 days. 1194 Cycles / 1095 days = about 1.1 cycles a day average over 3 years. If they're a student or take their computer with them and use it a lot, I'd think it'd be easy to go through a charge or two a day for say the 14 days that they had it.
Regardless, I'd probably take it to Apple and ask for a new battery if you just got it and it had that many cycles on it
True, I admit it's not much by any means. Health fluctuates from 94% to 98% on a daily basis