Solving an natural logarithmic equation using properties of logs

The video tutorial explains how to solve an equation involving logarithms by using properties of logarithms and exponentials. It demonstrates the process of eliminating the logarithm by applying the property that E to the Ln of X equals X. The tutorial then shows how to solve for X by raising both sides to the base E and using the one-to-one property. Finally, it calculates the result and approximates it to three decimal places.

Explain the steps taken to arrive at the final answer in the problem.

What is the approximate value of X to three decimal places?