A psychologist was interested in whether the amount of news people watch predicts how depressed they are. Based on the output, is news exposure a significant predictor of depression? 
Definitions:
Consumer Surplus
The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay.
Utility
A measure of satisfaction, usefulness or value that a consumer receives from any good or service.
Utility
In economics, the total satisfaction received from consuming a good or service.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay.
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