Linear Modelingmedium
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An analyst fits a linear-log model to study the relationship between advertising expenditure (xx, in thousands) and sales (yy, in thousands): y^=50.0+10.0ln(x)\hat{y} = 50.0 + 10.0 \ln(x). If a company increases its advertising expenditure from xx to 2x2x (doubling it), what is the predicted increase in sales?