$\frac{1}{2}$ equals 0.5.

Would you like more details or have any questions?

Here are five related questions to expand your understanding:

1. What is the decimal representation of $\frac{3}{4}$?
2. How can you express $\frac{1}{2}$ as a percentage?
3. What is $\frac{1}{2}$ of 10?
4. How does $\frac{1}{2}$ relate to the concept of division?
5. Can you simplify $\frac{2}{4}$, and how does it compare to $\frac{1}{2}$?

Tip: Fractions represent division; $\frac{1}{2}$ is the same as dividing 1 by 2.