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:


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.
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.