First thing we do is multiply the mixed numbers.
Let 2 1/5 x 8 1/3 = (11/5)(25/3) = 55/3.
Using a calculator, we know that 55/3 = 18.3333333333 or simply 18.33.
Let's now go to the given choices.
1. The product will be less than 1.
This is not true.
2. The product will be greater that 1, but less than both factors.
This is not true.
3. The product will be greater than both factors.
This is true.
4. The product will be greater than one factor and less than the other factor.
This is not true.
Answer: The product will be greater than both factors.