The probabilities are as follows:
- The probability that a randomly selected board is greater than 98.15 inches is approximately \(0.3538\).
- The probability that the mean length of 40 boards is greater than 98.15 inches is approximately \(0.0089\).
Thus, the final answers are:
- For part (a): \( \boxed{0.3538} \)
- For part (b): \( \boxed{0.0089} \)