Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: The trip from Carville to Nikpath requires $4\frac 12$ hours when traveling at an average speed of 70 miles per hour. How many hours does the trip require when traveling at an average speed of 60 miles per hour? Express your answer as a decimal to the nearest hundredth.
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