An equation was created for the line of best fit from actual enrollment data. It was used to predict the dance studio enrollment values shown in the table below:
Enrollment
Month
January
February
March
April
May
June
Actual
500
400
550
550
750
400
Predicted
410
450
650
650
600
450
Residual
90
−50
−100
−100
150
−50
Analyze the data. Determine whether the equation that produced the predicted values represents a good line of best fit. (1 point)
Group of answer choices
No, the equation is not a good fit because the sum of the residuals is a large number.
No, the equation is not a good fit because the residuals are all far from zero.
Yes, the equation is a good fit because the residuals are not all far from zero.
Yes, the equation is a good fit because the sum of the residuals is a small number.