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1/4 is 0.25

1/3 s 0.33

1/2 is 0.50

1/3 is between 1/2 and 1/4 but not halfway

halfway would be the average of 1/2 and 1/4 and would be 0.375 = 3/8ths

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Q: Is a third halfway between a half and a quarter?
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