Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: In the diagram, the rectangle has a width $w$, a length of $8$, and a perimeter of $24$. What is the ratio of its width to its length? [asy]
pair a = (0, 0); pair b = (8, 0); pair c = (8, 4); pair d = (0, 4);
draw(a--b--c--d--cycle);
label("$w$", midpoint(a--d), W); label("$8$", midpoint(c--d), N);
[/asy] Write your answer in the form $x:y$, where $x$ and $y$ are relatively prime positive integers.
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