An equation was created for the line of best fit from 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 wether the equation that produced the predicted values represents a good line of best fit

1) No, the equation is not a good fit because the sum of the residuals is a large number
2)No, the equation is not a good fit because the residuals are all far from zero
3)Yes, the equation is a good fit because the residuals are not all far from zero
4)Yes, the equation is a good fit because the sum of the residuals is a small number