Step 1 :The given expression is in the form of a double angle identity for cosine. The double angle identity for cosine is given by: \(\cos 2\theta = 2\cos^2\theta - 1\)
Step 2 :We can rearrange this to match the given expression: \(2\cos^2\theta - 1 = \cos 2\theta\)
Step 3 :So, we need to find the value of \(\cos(2*165°)\).
Step 4 :The value of \(\cos(2*165°)\) is approximately 0.866. However, we need to find the exact value.
Step 5 :The closest value to 0.866 among the options is \(\frac{\sqrt{3}}{2}\), which is approximately 0.866. Therefore, the exact value of the expression is \(\frac{\sqrt{3}}{2}\).
Step 6 :Final Answer: \(\boxed{\frac{\sqrt{3}}{2}}\)