Finding the distance
The distance between \frac16 and \frac1{12} is \frac16-\frac1{12}=\frac{2}{12}-\frac1{12}=\frac1{12}
Length of each of the 3 sections is equal to \frac13 of \frac1{12}=\frac1{36}
So the number indicated is \frac1{12}+\frac1{36}=\frac3{36}+\frac1{36}=\frac4{36}=\frac19
Using a weighted average
To find the point half way between \frac16 and \frac1{12}, we would add \frac16 and \frac1{12} and divide by 2.
We want the point that is twice as close to \frac1{12} as it is to \frac16 - so give twice as much importance to \frac1{12} as to \frac16. This is called a weighted average. \begin{split}\left(\tfrac16+2\times\tfrac1{12}\right)\div3&=\left(\tfrac16+\tfrac16\right)\div3\\
&=\tfrac26\div3\\&=\tfrac13\div3\\&=\tfrac19\end{split}