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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:
January February March April May June
Actual 120 140 150 140 150 130
Predicted 80 150 110 150 110 150
Residual 40 −10 40 −10 40 −20
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 residuals are all far from zero.
No, the equation is not a good fit because the sum of the residuals is a large number.
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.