An average is where you take all the numbers and add them together. You then divide that total by the amount of numbers and it gives you an average number.
For example, the average of 5,6,7,8 and 9 - add them to get 35, then divide that by 5 to give an average of 7.
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Above average; average build; average distance; average personality.
(average distance)/(average time)
average distance/average time
Apart from the fact that they are average, nothing. For example, the average time I spend sleeping has nothing to do with any average speed.
You can get the average of an average, but you would be averaging one number, so you would get the same result. You can get the average of a set of averages, though to make sense they will often need to be a weighted average of averages.