It really depends. If it's something like 1/5 of 100 and 1/2 of 38 then yes. But if you're talking about the standard fractions (1/5 and 1/2) then 1/5<1/2. (1/5 less than 1/2)
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One half is greater.
no
Yes.
One half is greater than one quarter.
your question answers itself "Is seven and a half greater than a half" One is fifteen times greater than the other.