1) Gas exchange takes place in the millions of alveoli in the lungs and the capillaries that envelop them. Inhaled oxygen moves from the alveoli to the blood in the capillaries, and carbon dioxide moves from the blood in the capillaries to the air in the alveoli.
2) Also, capillaries are located inside the lungs. Therefore, whenever we breathe in air we exchange gasses.
First you have to moles so multiply .0483L X .55M= .026565 Multiply moles by mole ratio which is 1/2, so the moles becomes .013283 now molarity=moles/volume; divide .013283/.015L=.885533M significant figures and you final answer is 0.89M