The fraction $\frac{1}{4}$ represents one part out of four equal parts. In decimal form, it is equal to 0.25.

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Here are five related questions for further learning:

1. What is $\frac{1}{4}$ plus $\frac{3}{4}$?
2. How do you multiply $\frac{1}{4}$ by $\frac{1}{2}$?
3. What is $\frac{1}{4}$ in percentage form?
4. How do you convert $\frac{1}{4}$ to a decimal using long division?
5. How do you simplify the fraction $\frac{2}{8}$?

Tip: To convert a fraction to a percentage, multiply the fraction by 100! For example, $\frac{1}{4} \times 100 = 25\%$.