Correct Answer - Option 4 :

\(\dfrac{17}{24}\)
**Calculation:**

value of 7/8 = 0.875

Value of 1/3 = 0.3333

the value of the fraction should lie between 0.333 to 0.875

Value of 1/4 = 0.25

Value of 23/24 = 0.958

Value of 11/12 = 0.916

Value of 17/24 = 0.7083

**∴ The fraction 17/24 is less than \(\frac{7}{8}\) and greater than \(\frac{1}{3}\)**