Now, substitute the values into the original expression:
\[
\frac{{}_{4}C_{2} \cdot {}_{7}C_{1}}{{}_{21}C_{3}} = \frac{6 \times 7}{1330} = \frac{42}{1330}
\]
Simplify the fraction by dividing numerator and denominator by 14:
\[
\frac{42}{1330} = \frac{3}{95}
\]