Step 1 :We are given that \(\cos 2 \alpha=\frac{4}{5}\) and \(\alpha\) is in quadrant I.
Step 2 :We can use the double angle formula for cosine, which is \(\cos 2 \alpha = 1 - 2 \sin^2 \alpha\).
Step 3 :Setting this equal to \(\frac{4}{5}\), we get the equation \(1 - 2 \sin^2 \alpha = \frac{4}{5}\).
Step 4 :Solving this equation for \(\sin \alpha\), we get two solutions: \(-0.316227766016838\) and \(0.316227766016838\).
Step 5 :Since \(\alpha\) is in quadrant I, where sine is positive, we discard the negative solution.
Step 6 :Thus, the exact value of \(\sin \alpha\) is \(\boxed{0.316227766016838}\).