Which statement correctly describes the residual vs fitted plot for the model? Which statement correctly describes the residual vs fitted plot for the model? The residuals are randomly scattered around 0, suggesting that the model is a good fit. The residuals show a distinct "V" pattern, suggesting that model has room for improvements. The residuals are as high as 300, suggesting that the model is suffering from variance. The residuals are as low as -150, suggesting that the model is suffering from bias