Hi Rob A.,
Using positive up,15 feet between floors, a = g = -32ft/s2 (negative downward direction),
and the equation y = y0 + v0t + at2/2:
1st student: y1 = 75 - 40t - 16t2; (v0 is in the negative y-direction)
2nd student: y2 = 30 + 40t - 16t2; (v0 is in the positive y-direction)
Maximum height of 2nd students ball: dy2/dt = 0
dy2/dt = 40 - 32t =0 or t = 40/32 = 5/4
Distance traveled of 1st students ball at t = 5/4:
y1 = 75 - 40(5/4) - 16(5/4)2 = 75 - 50 - 25 = 0; The ball started at 75ft and is now at 0ft; 75ft traveled.
The speed at t = 5/4 of dy1/dt = v1:
v1(t) = v1(5/4) = dy1/dt = -40 - 32t = -40 - 32(5/4) = -80ft/s; 80ft/s in the negative (downward) direction.
Using 15ft or greater between floors yields this result.
Use less than 15ft between floors and graph the two equations to see what happens.
I hope this helped, Joe.