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Solve the problem.
-A runner is competing in an 8-mile race. As the runner passes each miles marker (M) , a steward records the time elapsed in minutes ( ) since the beginning of the race, as shown in the table. What is the runner's average speed over the first 2 miles? Round your answer to four decimal places.
Equilibrium Price
The price at which the quantity of a product offered for sale by producers equals the quantity that consumers are willing to buy.
Equilibrium Quantity
The amount of goods or services supplied equals the amount demanded at the market equilibrium price.
Rent Control
A government policy or set of laws that limit the amount landlords can charge for leasing homes or apartments, aimed at making housing more affordable.
Usury Laws
Legislation that sets maximum interest rates that can be charged on loans, intended to protect consumers from excessive interest.
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