Answer
$\dfrac{7}{24}$
Work Step by Step
The number halfway between the numbers $a$ and $b$ can be found using the formula $\dfrac{a+b}{2}$ .
Use this formula to find the number halfway the two given number to obtain:
\begin{align*}
&=\frac{\frac{1}{4}+\frac{1}{3}}{2}\\\\
&=\frac{\frac{3}{12}+\frac{4}{12}}{2}\\\\
&=\frac{\frac{7}{12}}{2}\\\\
&=\frac{7}{12} \times \frac{1}{2}\\\\
&=\frac{7}{24}
\end{align*}