- Determine the two consecutive multiples of 1,000 that bracket 5,050
- 5,050 is between 5,000 and 6,000
- 5,500 is the midpoint between 5,000 and 6,000
- As illustrated on the number line, 5,050 is less than the midpoint (5,500)
- Therefore, 5,050 rounded to the nearest thousand = 5,000
