There are tons of fractions that are less than 1/2. For example, there's 1/3,1/4,1/5,2/5,1/6,2/6,1/7,2/7,3/7,1/8,2/8,3/8,1/9,2/9,3/9,4/9,1/10,2/10,3/10,4/10 etc.
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a quarter or one fourth or 0.25 are all the same thing and are thess than one half. But many other nuumbers and fractions are also less than one half.
2/3 x 3/5
If the denominator is more than double the numerator, then the fraction is less than a half.
In fractions equivalent to 1/2, the numerator is half of the denominator. Any fraction where the numerator is less than half of the denominator, like 19/40, is less than 1/2. Any fraction where the numerator is more than half of the denominator, like 49/96, is greater than 1/2. That's also a quick way to compare fractions. 4/9 is less than 5/8.
Proper fractions are less than one. 2 and one half equals 5/2