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Default How to Average elapsed time values?

I have a column with elapsed time values like 01:45, 02:25, 01:58, etc. I
can't seem to get the average to work out right using other posts, so can
anyone help me out! I have 667 values in colum M. All the values have a 0
as first number.

If I remove the 0 from the time, I have no problem, but that would take
forever, at least with my skill level!
 
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