Final answer:
The value of π is approximately 3.14.
Step-by-step explanation:
The value of π can be determined by using the equation for the circumference of a circle: C = πd, where C is the circumference and d is the diameter.
In this case, the circumference is approximately 50.24 feet and the diameter is 16 feet. Substituting these values into the equation, we get 50.24 = π × 16. Solving for π gives us π = 50.24 ÷ 16 = 3.14.