Final answer:
The property of central tendency is a statistical measure that indicates the center or typical value of a data set, measured through the mean, median, and mode.
Step-by-step explanation:
The property of central tendency refers to a statistical measurement that identifies the center or the typical value of a data set. There are three common measures of central tendency: the mean, which is the arithmetic average of all data points; the median, which is the middle value when a data set is ordered from the smallest to the largest; and the mode, which is the most frequently occurring value. The tendency of these measures is to provide a single value that is representative of a collection of data. Although 'mean' and 'average' are often used interchangeably, the technical term for average in statistical contexts is arithmetic mean. Additionally, the central limit theorem highlights the importance of the mean, as it states that the distribution of sample means will form a normal distribution around the population mean, given a sufficient sample size.