In that example, the "higher end" would mean above 50. This expression is used when you are not sure of the actual value, but you want to give a wide range of values to show that you dont really know exact number, but you want the listener to get an idea of where the number lies.
I realy hope you can understand. I realised that I kind of went on a tangent haha😌
No. "the latter end of" can be used, but only when talking about time: "the latter end of the century." Usualy latter is used when two simmilar things are being talked about. "In America, there are two primary languages, english and spanish. The latter[spanish] is the less common one." In this case, I would not use latter.
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