Given the dot product of two unit vectors: \( \mathbf{\hat{a}} \cdot \mathbf{\hat{b}} = \cos \theta \).
Utilizing the Pythagorean identity: \( \sin^2 \theta + \cos^2 \theta = 1 \).
Substituting \( \sin \theta = \frac{3}{5} \): \( \left( \frac{3}{5} \right)^2 + \cos^2 \theta = 1 \).
Simplifying yields: \( \frac{9}{25} + \cos^2 \theta = 1 \), which implies \( \cos^2 \theta = 1 - \frac{9}{25} = \frac{16}{25} \).
Therefore, \( \cos \theta = \pm \sqrt{\frac{16}{25}} = \pm \frac{4}{5} \).
Final Answer: \( \mathbf{\hat{a}} \cdot \mathbf{\hat{b}} = \pm \frac{4}{5} \), (C).