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People tend to judge how likely it is that an event will

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CEO
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People tend to judge how likely it is that an event will [#permalink] New post 22 Sep 2003, 07:13
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A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

62% (01:43) correct 37% (02:34) wrong based on 8 sessions
People tend to judge how likely it is that an event will occur by observing how often and how prominently it comes to their attention. Over the past few years, not only have more lotteries been established but there have also been more advertisements featuring the winners of such lotteries.

If the statements above are true, which of the following conclusions can be properly drawn?

1.Those who run lotteries are trying to coerce consumers into buying tickets.

2. Those who buy lottery tickets tend to notice advertisements for lotteries more than those who do not buy tickets.

3. Lottery-ticket buyers may overestimate their chances of winning.

4. Misinformed people should not be allowed to make decisions.

5. Advertisements are the most common source from which people learn about lotteries.
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 [#permalink] New post 22 Sep 2003, 08:31
I vote for A. The advertisements featuring the winners make people believe that it is likely to win.
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 [#permalink] New post 22 Sep 2003, 19:26
I vote for C. The advertisements featuring the winners make people believe that it is likely to win and therefore they are overstimating theis chances to win the lottery.
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 [#permalink] New post 22 Sep 2003, 20:07
i say C also...it follows logically
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 [#permalink] New post 23 Sep 2003, 01:11
i too go with C (can be properly drawn without bringing any extra information/assumption from outside).
For A to be true, i have to assume that those who run lotteries know how people judge the likelihood of events.
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 [#permalink] New post 23 Sep 2003, 07:29
Vicky wrote:
i too go with C (can be properly drawn without bringing any extra information/assumption from outside).
For A to be true, i have to assume that those who run lotteries know how people judge the likelihood of events.


vicks /yoda

you are correct

can you explain why B is not correct

i feel it is very close

thanks
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 [#permalink] New post 24 Sep 2003, 00:46
praet wrote: can you explain why B is not correct
B) Those who buy lottery tickets tend to notice advertisements for lotteries more than those who do not buy tickets.
i will not choose B because its comparing those who buy with those who don't. And even among people who buy there can be various reasons for buying tickets: addicted to gambling, short cut to riches... blah blah... We cannot say that people who buy tend see more advertisements than who don't. Only thing that can be inferred is people buying tickets will overestimate their chances of winning cause of seeing advertisements.
  [#permalink] 24 Sep 2003, 00:46
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