Velocity is defined as the rate of change of an object's position with respect to time and includes both magnitude (speed) and direction. It can be calculated using the formula: Average velocity = Displacement / Time. In the example, a girl travels 8 km in 15 minutes (0.25 hours) to get to school, so her average velocity is 32 km/h. Acceleration is the change in velocity over a time interval and is calculated as: Acceleration = Change in Velocity / Time Interval. It is a measure of how quickly an object's velocity changes. Both speed and direction must change for an object to be accelerating.