Compare Fractions: Determine the Correct Sign Between 1/12 and 2/24

To solve this problem, let's carefully follow these steps:

• Step 1: Simplify the fraction $\frac{2}{24}$.
• Step 2: Compare the simplified fraction with $\frac{1}{12}$.

Step 1: We start by simplifying $\frac{2}{24}$.
We find the greatest common divisor of 2 and 24, which is 2. Thus, we divide both the numerator and denominator by 2:

$\frac{2 \div 2}{24 \div 2} = \frac{1}{12}$

Step 2: Now that we have simplified $\frac{2}{24}$ to $\frac{1}{12}$, we can compare it with the original fraction $\frac{1}{12}$.

Both fractions are now $\frac{1}{12}$. Therefore, they are equal.

This means the correct sign to insert is the equality sign $(=)$.

Hence, the solution to the problem is $\boxed{=}$.