Step 1 :First, we differentiate both sides of the equation with respect to \(x\).
Step 2 :The derivative of \(x^{3}\) with respect to \(x\) is \(3x^{2}\).
Step 3 :The derivative of \(8y^{2}\) with respect to \(x\) is \(16yy'\).
Step 4 :The derivative of \(\ln y\) with respect to \(x\) is \(\frac{1}{y}y'\).
Step 5 :So, we have \(3x^{2}+16yy'=\frac{1}{y}y'\).
Step 6 :Rearrange the equation to solve for \(y'\), we get \(y'=\frac{3x^{2}y}{16y^{2}-1}\).
Step 7 :Now, we substitute \((-2,1)\) into the equation, we get \(y'=\frac{3(-2)^{2}(1)}{16(1)^{2}-1}\).
Step 8 :Simplify the equation, we get \(y'=\frac{12}{15}\).
Step 9 :So, the final answer is \(y'=\frac{4}{5}\).