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-\frac{1}{12}\times 2^{-3}+\frac{1}{4}
Multiply -\frac{1}{8} and \frac{2}{3} to get -\frac{1}{12}.
-\frac{1}{12}\times \frac{1}{8}+\frac{1}{4}
Calculate 2 to the power of -3 and get \frac{1}{8}.
-\frac{1}{96}+\frac{1}{4}
Multiply -\frac{1}{12} and \frac{1}{8} to get -\frac{1}{96}.
\frac{23}{96}
Add -\frac{1}{96} and \frac{1}{4} to get \frac{23}{96}.