Final answer:
The value of 538,000 is slightly more than half a million but is still considered to be approximately that amount when compared to other numbers within that range.
Step-by-step explanation:
The question is whether 538,000 is approximately half a million. Since half a million is 500,000, we can see that 538,000 is slightly more than half a million.
If we compare this number to others cited such as 389,950, 479,000, or 529,000, we can see that 538,000 is within a reasonable range of 500,000 to be considered approximately half a million.
However, it is slightly higher and closer to this number than, for instance, 639,000 or 575,000, which are further away from half a million.