First, evaluate the expression inside the parentheses: \(2^3\).
\[ 2^3 = 2 \times 2 \times 2 = 8 \]
Next, apply the negative exponent to the result from Step 1. We have \((8)^{-2}\).
A negative exponent indicates the reciprocal of the base raised to the positive of that exponent:
\[ (8)^{-2} = \frac{1}{8^2} \]
Now, calculate \(8^2\):
\[ 8^2 = 8 \times 8 = 64 \]
Substitute back into the expression:
\[ (8)^{-2} = \frac{1}{64} \]
Thus, the simplified form of \(\left(2^{3}\right)^{-2}\) is \(\boxed{\frac{1}{64}}\).
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