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To find the area of a circle, you can use the formula:
[ \text{Area} = \pi r^2 ]
where ( r ) is the radius of the circle. The radius is half of the diameter. Given a diameter of 16 yards, the radius ( r ) is:
[ r = \frac{16}{2} = 8 \text{ yards} ]
Now, substituting the radius into the area formula, we have:
[ \text{Area} = \pi (8)^2 ]
Calculating ( (8)^2 ):
[ (8)^2 = 64 ]
Now multiply by ( \pi ). Using ( \pi \approx 3.14 ):
[ \text{Area} \approx 3.14 \times 64 ]
Calculating that:
[ 3.14 \times 64 = 200.96 ]
Thus, the estimated area of the circle to the hundredths place is:
[ \boxed{200.96} \text{ square yards} ]