The owners of gambling casinos are keen to attract

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The owners of gambling casinos are keen to attract [#permalink]

03 Nov 2012, 01:59

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Question Stats:

85% (01:50) correct

14% (01:28) wrong

based on 3 sessions

The owners of gambling casinos are keen to attract inexperienced poker players because, on average, these people lose money to the casino, which increases the casino’s profits. This is because the average inexperienced player does not have sufficient skill at the game to win.

Which one of the following can be inferred from the above argument?

(A) There is always an element of chance when playing poker.
(B) The probability of winning a game of poker increases with
experience.
(C) Casinos make extremely large profits.
(D) Inexperienced players lose more money than they expect to
when playing poker at casinos.
(E) All games played at casinos involve an element of risk.

I dont know the answer and I'm confused between B and D and a bit more inclined towards D. Please help here & if possible provide the answer please.
Source: Piyusht

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Re: CR: Gambling casinos to attract inexperienced poker players [#permalink]

03 Nov 2012, 02:25

Answer should be B.

D talks about player's expectations. B correctly infers the intended meaning of the argument.

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Re: CR: Gambling casinos to attract inexperienced poker players [#permalink]

03 Nov 2012, 03:21

divineacclivity wrote:

The owners of gambling casinos are keen to attract inexperienced poker players because, on average, these people lose money to the casino, which increases the casino’s profits. This is because the average inexperienced player does not have sufficient skill at the game to win.
Which one of the following can be inferred from the above argument?

(A) There is always an element of chance when playing poker.
(B) The probability of winning a game of poker increases with
experience.
(C) Casinos make extremely large profits.
(D) Inexperienced players lose more money than they expect to
when playing poker at casinos.
(E) All games played at casinos involve an element of risk.

I dont know the answer and I'm confused between B and D and a bit more inclined towards D. Please help here & if possible provide the answer please.
Source: Piyusht

Casino owners prefer inexperienced players because "an average inexperienced player does not have sufficient skill at the game to win". or it means "that low experience = low skill = low chances of winning" . The only inference that could be made from this is that, with more experience chances of winning would be more (reverse causality).
Ans B explains the same thing.

point D has "expect to" which doesnt help this option. a simple statement "Inexperienced players lose more money than do experienced players, when playing poker at casinos." should have been a correct choice.

Hence Ans B it is.
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Re: CR: Gambling casinos to attract inexperienced poker players [#permalink]

07 Nov 2012, 23:44

Given : Casinos attract inexperienced poker players bcoz on average these ppl lose money to the casino.
This is because of the inexperience player does not have sufficient skill at game to win.
ie Low experience lead to low skill which ultimately leads to losing money.

(A) There is always an element of chance when playing poker. - Too generalized a statement - Incorrect
(B) The probability of winning a game of poker increases with experience. - Since skill develops with more experience so does the chances of winning - Correct
(C) Casinos make extremely large profits. - Casinos making profits by attracting the inexperienced poker players is given in the premise. No info on other kinds of profits that casinos make - Out of scope - Incorrect
(D) Inexperienced players lose more money than they expect to when playing poker at casinos. - If the above statement is true, then there is a less chance of winning money in casinos by inexperienced ppl. Losing money to casino has nothing to do with the expectations of the inexperienced players - Incorrect
(E) All games played at casinos involve an element of risk. - Again a too generalized a statement to make - Incorrect

Hope this helps.

Re: CR: Gambling casinos to attract inexperienced poker players [#permalink] 07 Nov 2012, 23:44

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The owners of gambling casinos are keen to attract

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