Average speed is not simply the arithmetic mean of two speeds due to the differing distances and times involved in a round trip. In the example of walking to school at 4 mph and jogging back at 6 mph, the total distance traveled is 4 miles, and the total time taken is 50 minutes. The correct average speed is calculated to be 4.8 mph, which is derived from the harmonic mean of the two speeds when distances are equal. This highlights the common misconception that average speed can be calculated as the simple average of the two speeds. Understanding the distinction between harmonic and arithmetic means is crucial for accurately determining average speed in such scenarios.