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Default Rolling Average, Time

I would like to know the best method to average time. I would ideally like to
keep the time in seconds.tenths [sss.0]. Additionally I would like to keep a
rolling average of the compiled results. So that as new results are added
they will be calculated with the old results, and produce a possible new
average, to be saved until the next set of results are added. Is this
possible? And can this be somewhat automated?
 
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