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The relation $R$ is defined for $a$, where $a$ is a prime number less than $5$. The prime numbers less than $5$ are $2$ and $3$. Thus, the set of values for $a$ is $\{2, 3\}$.
For each $a$, the corresponding element in the relation is $a^3$.
If $a = 2$, then $a^3 = 2^3 = 8$. The ordered pair is $(2, 8)$.
If $a = 3$, then $a^3 = 3^3 = 27$. The ordered pair is $(3, 27)$.
Therefore, $R = \{(2, 8), (3, 27)\}$.
The range of a relation is the set of all second elements of the ordered pairs. From the set $R$, the second elements are $8$ and $27$.
Final Answer: {8, 27}
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