Answer: There is room for 
approximately 33.49 in^3 of coconut milk.
Explanation:
Hi, we have to calculate the volume of milk inside the coconut: 
First, we have to find the diameter of that volume that is equal to the diameter of the entire coconut minus the thickness of the coconut meat: 
5-1 = 4 in (diameter) 
Now, we simply have to apply the next formula: 
Volume of a sphere: 4/3 π radius^3 
Since: radius = diameter /2 
V = 4/3 π (d/2)^3 
Replacing with the values given: 
V = 4/3 (3.14) ( 4/2)^3 = 33.49 in3 
Feel free to ask for more if needed or if you did not understand something.