Final answer:
The place value of the digit 8 in the number 4.08 is the hundredths, and its value is 0.08, making the correct answer option b).
Step-by-step explanation:
The question pertains to finding the place value and the value of the digit 8 in the number 4.08. In the given number, the place value for each digit is determined by its position relative to the decimal point. The digit to the immediate right of the decimal point is in the tenths place, and the next digit is in the hundredths place, and so on.
Therefore, for the digit 8 in the number 4.08, the place value is the hundredths place since it is the second digit to the right of the decimal point. To calculate the value of the digit 8 in this position, we take the digit and divide it by 100. Thus, the value of the digit 8 in 4.08 is 0.08.
Consequently, the correct option is b) Place Value: Hundredths, Value: 0.08.