Yes.
A fraction means that you divide the top number (numerator) by the bottom number (denominator). So, if you divide 4 by 16, then the answer is 0.25
Another way to get this answer is if you know your basic fraction-decimal conversions. If you reduce the fraction by dividing both the numerator and the denominator by the same number (in this case, 4 works), then you get the fraction 1/4, which is also equal to 0.25
Good luck with your math, and I hope this helps :)