It is not correct.
The student found the volume by multiplying the base area with the height. He forgot to divide it by 3.
Formula to find the volume of the pyramid = 1/3 base area x height
volume = 1/3 x 92 x 54 = 1656 square meters
"Formula of a circle" is too vague to be meaningful. Perhaps you meant, "Formula for the area of a circle in terms of its circumference."
The area of a circle in terms of its radius is A = πr^2. To put this formula to use, we have to know the radius of the circle. The circumference of a circle in terms of its radius is C = 2πr, so a formula for the radius is r = C / (2π).
Now let's find a formula for the area of a circle in terms of its circumference:
C C^2
A = πr^2 = π { ---------------- }^2 = ------------
2π 4π
or:
A = (C^2) / 4π