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There are three
common "centers of gravity" that are studied in math, science and engineering. The most common in math is the center of masses located at the vertices of a polygon. This is more common because the other two cases can be reduced to a variation of this approach. It is this case of point masses at the vertices that I mean when I use centroid or center of gravity in this note, unless otherwise stated. A second approach is to treat the area of the polygon as if it were a sheet of uiniform density. The third, and least common, approach is to represent the sides of the polygon as wire rods of uniform density.
Most students are first introduced to the terms above in reference to a point in a triangle. Since the center of masses at the vertices in a triangle give the same point as a uniform sheet, they are often confused about the various distinctions. The three centers of gravity are usually different points in other non-symmetric polygons. It is this point, the center of balance for the uniform sheet and also of point masses at the vertices, that is almost universally referenced as the centroid of a triangle.

In a quadrilateral, the line joining
the midpoints of two opposite sides is called a bimedian.
The centroid of masses located at the vertices of a quadrilateral is also the intersection of the bimedians of a quadrilateral.
Another property of the quadrilaterals centroid is that it is also the midpoint of the segment joining
the midpoints of the diagonals.

The advantage of using the point mass approach to finding centers of gravity is that the other two common cases can be reduced to point masses of uneven weights very easily. To find centers of gravity of uniform density sheets, one can simply divide the polygon into non-overlapping triangles and treat the system as a set of point masses at the centroids of these triangles with a mass equal to the area of the triangle. To find the center of uniform rods along the perimeter of a polygon, replace each side with a point mass equal to the length of the line located at its midpoint. The center of gravity of uniform wire rods on the perimeter of a triangle is the Spieker point, which is the incenter of the medial triangle. Professor Kimberling has a page showing how to find the center of mass of any shape by a physical method.
A direct method of finding the center of gravity of a uniform density sheet in the shape of a quadrilateral was found by F. Wittenbauer (1857-1922). If the triesectors of each edge of the quadrilateral are found, and lines are drawn through each pair of trisectors adjacent to a vertex, they form a parallelogram, Wittenbauer's Parallelogram. The center of the parallelogram is the center of gravity of the uniform sheet.
The word is based on the word center and the Greek
suffix oid and means "center like". It probably is a relatively
modern word, perhaps created after 1850.