Yes that is correct I'm in Geometry myself and we just learned this, it is called the Centroid because it divides each median in a 2:1 ratio
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The centroid - which is where the medians meet.
Where the medians meet, inside the triangle.
The centroid, which is the point where the medians meet.
The centroid - where the medians meet.
The median of a triangle is a straight line from a vertex to the midpoint of the opposite side. The three medians of a triangle meet at the centroid. If the triangle is made of uniform material the centroid is the centre of mass of the triangular shape.