If the resistance of the Air is ignored, we can use the theory given by Galileo in which he warned that the thermal velocity of a body in free fall was given by

Where
g = Gravitational acceleration
t = time
As we can see the speed of objects in free fall is indifferent to the position that is launched (as long as the resistance of the air is ignored) or its mass.
Both bodies will end with the same thermal speed.
Displacement is the final position of the object minus the initial position of the object.
Xf - Xi. Displacement is not the distance of the object. If you go to the right 10m and to the left another 10m, your displacement is 0m. But your distance is 20m
You can estimate one more digit past the smallest division on the measuring device. If you look at a 10mL graduated cylinder, for example, the smallest graduation is tenth of a milliliter (0.1mL). That means when you read the volume, you can estimate to the hundredths place (0.01mL).