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\frac{1}{4}-3\times \left(\frac{1}{2}\right)^{3}
Calculate -2 to the power of -2 and get \frac{1}{4}.
\frac{1}{4}-3\times \frac{1}{8}
Calculate \frac{1}{2} to the power of 3 and get \frac{1}{8}.
\frac{1}{4}-\frac{3}{8}
Multiply 3 and \frac{1}{8} to get \frac{3}{8}.
-\frac{1}{8}
Subtract \frac{3}{8} from \frac{1}{4} to get -\frac{1}{8}.