Each Student would get 3/16 of the pizza. This is because when you have a fraction, it's the same as saying dividing. So 3/4 is equal to 3÷4. Once you have 3÷4= 0.75. then you can divide that by 4, getting 0.1875. Although this is still an exact calculation, most people would automatically understand better in the fraction form of 3/16, so it is better to switch it back. This can be done either on your own or with a calculator, most scientific calculators have the ability anyways so it shouldn't be a big deal. In the end, if the pizza has 16 slices, each student gets 3, if it has 8, then each student gets 1 1/2.