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This lesson discusses evaluating logs using the change of base formula. The formula states that log base a of b is equal to log of b divided by log of a. This formula allows you to change the base to any new base. In the example provided, log base 2 of 16 can be calculated as log 16 divided by log 2. Regardless of the new base used, the equation will still work and provide the correct answer. So, log base 2 of 16 is equal to 4.