Answer: No, the equation is not a good fit because the sum of the residuals is a large number.
Explanation:
A residual is the difference on the scatter plot between the actual y-value and the predicted y-value from the regression line equation.
It is the vertical distance from the actual plotted point to the point on the regression line.
The residual is positive then the data point is above the graph.
The sum of the given residual values =
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Since, the sum of the residuals is greater than 0.
Therefore, The equation is not a good fit .