If I walk 4 kilometers in an hour, my average speed during that hour was 4 km/hour. My instantaneous speed may well have been faster at times, and slower at other times, 4 km/hour is only the average.
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Apart from the fact that they are average, nothing. For example, the average time I spend sleeping has nothing to do with any average speed.
Because it does. :)
Velocity (or speed) = Distance ÷ Time In this example, speed = 300/6 = 50 kph
Velocity (or speed) = Distance ÷ Time In this example, speed = 120/2 = 60 kph
Average speed is an average value of speed over a given time. If your speed is constant (not changing), then your average speed will equal your speed at any given moment in time.