Is there a formula to AVG a column after I have it converted to min:sec from seconds?

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I have this formula in to convert seconds into Min:Sec. Now I need to AVG the time in the Min:Sec column. Is there a formula for this?

=INT([1st Response Time (sec)]@row / 60) + ":" + ([1st Response Time (sec)]@row - (INT([1st Response Time (sec)]@row / 60) * 60))


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