The standard practice for rounding numbers appears to include the "round to even" rule for cases where the digit to the right of the least significant digit is equal to 5. Here is an example from
http://www.chemteam.info/SigFigs/Rounding.html
Example #4 Round 24.8514 to three significant figures. Look at the fourth digit. It is a 5, so now you must also look at the third digit. It is 8, an even number, so you simply drop the 5 and the figures that follow it. The original number becomes 24.8. (rule #3 above)
They say that the intent of this rule it to ensure that in the long run we round up as often as we round down. If we are dealing with real numbers with infinite precision, this rule is of course unnecessary. But how about the case when we are working with floating point representations of real numbers that carry 16 or more digits of precision as would be stored internally in a computer. It seems to me that we could dispense with the round to even rule in this case with little risk of having an imbalance of round ups and round downs in the long run. Does this sound reasonable? If so, can someone offer a reference that discusses this subject and comes to the same conclusion that I did?