Introduction to counting and probability is a great book ;)
Let's first calculate the probability for each club then average them.
5 student club - There are $\binom{5}{3}=10$ ways to choose the members. In $\binom{2}{2}\binom{3}{1}=3$ ways, the co-presidents are selected - the probability here is $\frac{3}{10}$.
7 student and 8 student clubs are analogous. Try it, I believe in you!