Yes it is possible to "dual boot" your computer.  This is where Linux is installed on one partition, and Windows is installed on another.  When the computer is turned on a boot menu is shown that allows you to select which operating system you wish to boot into.  Although it is called "dual booting", it is possible to have more operating systems installed and use the boot menu to access each.

It should be mentioned that if you go down this route it is better to install Windows first as it is known to overwrite boot menus. As well as this most Linux installers will automatically detect and create entries for other operating systems that are found, including Windows.
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