The volume \( V \) of a square pyramid can be calculated using the formula:
\[ V = \frac{1}{3} \times \text{base area} \times \text{height} \]
For a square pyramid, the base area is given by the area of the square base, which is the length of one side squared. Given that the dimensions are \( 2.75 , \text{in} \):
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Calculate the base area: \[ \text{base area} = (2.75)^2 = 7.5625 , \text{in}^2 \]
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Height of the pyramid (which is equal to the perpendicular height from the base to the apex of the pyramid, also given as 2.75 in): \[ \text{height} = 2.75 , \text{in} \]
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Now compute the volume: \[ V = \frac{1}{3} \times 7.5625 \times 2.75 \] \[ V = \frac{1}{3} \times 20.803125 \] \[ V \approx 6.934375 , \text{in}^3 \]
Rounding to the nearest hundredth, the volume of the ornament is approximately: \[ \boxed{6.93} , \text{in}^3 \]