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    Date: Thu, 27 Jun 1991 11:44 EDT
    From: JGA@ALDERAAN.SCRC.Symbolics.COM (John G. Aspinall)

    The behaviour of ROUND is determined by the IEEE standard on
    floating-point operations.  The rationale behind the standard is, in
    turn, that rounding should be unbiased in a statistical sense.

That was essentially what I said in my message as well.

However, I happened to pick up a copy of Knuth later in the afternoon,
and found the section where he talks about rounding (Seminumerical
Algorithms, section 4.2.2).  I couldn't find many details, but at one
point he said that the "right" way to round a number that is exactly
half-way between two units depends on the radix -- if it's even you
round towards the even number, if it's odd you round towards the odd
number.  Then he pointed out that all the commonly-used bases are even,
so it's simplest to remember that rounding should be towards the even