The formula for escape velocity is:
\[v_{escape} = \sqrt{\frac{2GM}{R}}\]
The mass and radius relationships are provided as:
\[\frac{M_{planet}}{M_{earth}} = \frac{1}{8}, \quad \frac{R_{planet}}{R_{earth}} = \frac{1}{2}\]
Consequently, the ratio of escape velocities is calculated as:
\[\frac{v_{escape, planet}}{v_{escape, earth}} = \sqrt{\frac{M_{planet} R_{earth}}{M_{earth} R_{planet}}} = \frac{1}{2}\]
This leads to the escape velocity from the planet being:
\[v_{escape, planet} = \frac{1}{2} \times 11.2 = 5.6 \, {km/s}\]