Step 1: When unpolarized light passes through the first polaroid, intensity becomes:
\[
I_1 = \frac{I_0}{2}
\]
Step 2: When this light passes through the second polaroid at angle \( \theta \), the intensity becomes:
\[
I_2 = I_1 \cos^2 \theta = \frac{I_0}{2} \cos^2 \theta
\]
Step 3: Given \( I_2 = 0.375 I_0 \), so:
\[
\frac{I_0}{2} \cos^2 \theta = 0.375 I_0
\Rightarrow \cos^2 \theta = 0.75
\Rightarrow \cos \theta = \sqrt{0.75} = \sqrt{\frac{3}{4}} = \frac{\sqrt{3}}{2}
\Rightarrow \theta = 30^\circ
\]