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The centroid of a triangle is the point where the three medians intersect, and it's located at the average position of all three vertices. In a triangle, regardless of its type—be it equilateral, isosceles, or scalene—the centroid is always found within the triangle itself, providing a balance point that helps in various applications, like physics and engineering. For a fun fact, if you were to take a triangular piece of cardboard and cut it out, the centroid can be found by measuring from each vertex to the midpoint of the opposite side and then marking where those lines cross. It’s like magic geometry at work!