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Define "Soft" and "Hard" Closings

question 6

Essay

Define "soft" and "hard" closings. Be sure to indicate the DIFFERENCE between the two.


Definitions:

Sum Squared Deviations

The sum of the squares of each data point's deviation from the mean, a measure used in statistics to quantify variability within a data set.

Sample Mean

The average computed from a sample set of data, representing the central tendency or typical value of the sampled population.

Median

The middle value in a data set, which divides the set into two equal halves.

Extreme Values

Data points that are significantly higher or lower than the majority of a data set, often considered as outliers or anomalies.

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