We are given a set of 8 cards numbered 1 to 8. We are drawing two cards at random, with replacement, and need to find the probability that the product of the numbers on the two cards is a perfect square.
Step 1: The numbers on the cards are: \( 1, 2, 3, 4, 5, 6, 7, 8 \). A perfect square is a number whose prime factorization contains even powers of all primes.
Step 2: The product of two numbers \( a \) and \( b \) is a perfect square if the prime factorization of \( a \times b \) contains even powers of all primes. Now, let's check all pairs of numbers \( a \) and \( b \) such that \( a \times b \) is a perfect square:
- \( 1 \times 1 = 1 \)
- \( 4 \times 4 = 16 \)
- \( 9 \times 9 = 81 \)
- \( 2 \times 2 = 4 \)
Step 3: Count the number of pairs. The total number of pairs when drawing two cards with replacement is:
\[
8 \times 8 = 64
\]
Step 4: There are three pairs where the product is a perfect square: \( (1, 1), (4, 4), (9, 9) \).
Thus, the probability is:
\[
P(\text{perfect square}) = \frac{3}{64}
\]
So, the correct answer is \( \frac{3}{16} \).
% Final Answer
\[
\boxed{\frac{3}{16}}
\]