Step 1: Define the events.
Let
\[
A=\text{event that \(P\) applies}
\]
and
\[
B=\text{event that \(Q\) applies}
\]
Given,
\[
P(A)=\frac{1}{4}
\]
Also,
\[
P(A|B)=\frac{1}{2}
\]
and
\[
P(B|A)=\frac{1}{3}
\]
Step 2: Find \(P(A\cap B)\).
Using conditional probability,
\[
P(B|A)=\frac{P(A\cap B)}{P(A)}
\]
Substituting the values,
\[
\frac{1}{3}
=
\frac{P(A\cap B)}{1/4}
\]
Therefore,
\[
P(A\cap B)=\frac{1}{3}\times \frac{1}{4}
\]
Hence,
\[
P(A\cap B)=\frac{1}{12}
\]
Step 3: Find \(P(B)\).
Using
\[
P(A|B)=\frac{P(A\cap B)}{P(B)}
\]
Substituting the values,
\[
\frac{1}{2}
=
\frac{1/12}{P(B)}
\]
Therefore,
\[
P(B)=\frac{1}{6}
\]
Step 4: Find the required probability.
We need
\[
P(A'|B')
\]
Using conditional probability,
\[
P(A'|B')
=
\frac{P(A'\cap B')}{P(B')}
\]
Now,
\[
P(B')=1-P(B)
\]
So,
\[
P(B')=1-\frac{1}{6}
=
\frac{5}{6}
\]
Also,
\[
P(A'\cap B')
=
1-P(A\cup B)
\]
Using
\[
P(A\cup B)=P(A)+P(B)-P(A\cap B),
\]
we get
\[
P(A\cup B)
=
\frac{1}{4}+\frac{1}{6}-\frac{1}{12}
\]
Taking LCM,
\[
=
\frac{3+2-1}{12}
=
\frac{4}{12}
=
\frac{1}{3}
\]
Therefore,
\[
P(A'\cap B')
=
1-\frac{1}{3}
=
\frac{2}{3}
\]
Hence,
\[
P(A'|B')
=
\frac{2/3}{5/6}
\]
\[
=
\frac{2}{3}\times \frac{6}{5}
\]
\[
=
\frac{4}{5}
\]
Step 5: Final conclusion.
Therefore,
\[
\boxed{\frac{4}{5}}
\]