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Default calculate average given minutes and seconds

I'm trying to calculate the average minutes and seconds for a given task. We
have 4 sets of minutes and seconds. I want the minutes and seconds to
display as mm:ss but when I select this as a format it seems to round off to
nearest minute. I want the resulting average to display as mm:ss also.

Can someone please tell me the correct format to use in Excel 2007 to get
mm:ss and also the formula to calculate the average.


 
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