With a Time List provided, the logic performs a loop geting the current Time (#HH:mm:ss#) and converting it in seconds (Integer).
Then it summarizes with the other times on the SecondsSum variable.
The SecondsSum variable is divided by the Time List length, providing the average time in seconds.
And finally it converts the time in seconds back to the Time format (#HH:mm:ss#), returning it on the FormattedAverageTime output parameter.