Concept:
A relation \(R\) contains ordered pairs \((x,y)\).
The range of a relation is the set of all second components \(y\) of the ordered pairs.
Here:
\[
R=\{(x,y):x+2y=8\}
\]
where \(x,y\in N\).
Step 1: Use the given equation.
The relation is defined by:
\[
x+2y=8
\]
We need possible natural number values of \(y\).
Step 2: Find possible values of \(y\).
If:
\[
y=1
\]
then:
\[
x+2(1)=8
\]
\[
x=6
\]
So \((6,1)\) is possible.
If:
\[
y=2
\]
then:
\[
x+4=8
\]
\[
x=4
\]
So \((4,2)\) is possible.
If:
\[
y=3
\]
then:
\[
x+6=8
\]
\[
x=2
\]
So \((2,3)\) is possible.
Step 3: Check next value.
If:
\[
y=4
\]
then:
\[
x+8=8
\]
\[
x=0
\]
But \(0\) is not considered a natural number here.
So \(y=4\) is not included.
Step 4: Write the range.
The possible values of \(y\) are:
\[
1,\ 2,\ 3
\]
Therefore:
\[
\text{Range}=\{1,2,3\}
\]
Hence, the correct answer is:
\[
\boxed{(B)\ \{1,2,3\}}
\]