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A Automotive Test Driver Travels Due North in a Prototype

question 15

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A automotive test driver travels due north in a prototype hybrid vehicle at 30 mi/h for 2 hours. She then reverses her direction and travels due south at 60 mi/h for 1 hour.
-What is the average speed of the vehicle?


Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence but does not have full control over that company.

Fair Value

An estimate of the price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.

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