Step 1: Key Formula or Approach:
The formula for conditional probability \( P(A|B) \) (probability of \( A \) occurring given that \( B \) has already occurred) is:
\[ P(A|B) = \frac{P(A \cap B)}{P(B)} \]
Step 2: Detailed Explanation:
Given:
\( P(A \cap B) = \frac{1}{5} \)
\( P(B) = \frac{3}{8} \)
Applying the values to the formula:
\[ P(A|B) = \frac{1/5}{3/8} \]
To divide by a fraction, multiply by its reciprocal:
\[ P(A|B) = \frac{1}{5} \times \frac{8}{3} = \frac{8}{15} \]
Step 3: Final Answer:
The value of \( P(A|B) \) is \( \frac{8}{15} \).