Find all School-related info fast with the new School-Specific MBA Forum

It is currently 01 Aug 2014, 22:56

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The owners of gambling casinos are keen to attract

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 15 Mar 2012
Posts: 66
Followers: 0

Kudos [?]: 1 [0], given: 16

The owners of gambling casinos are keen to attract [#permalink] New post 03 Nov 2012, 00:59
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

91% (01:53) correct 9% (01:28) wrong based on 37 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
Intern
Intern
avatar
Joined: 16 Apr 2011
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 1

Re: CR: Gambling casinos to attract inexperienced poker players [#permalink] New post 03 Nov 2012, 01:25
Answer should be B.

D talks about player's expectations. B correctly infers the intended meaning of the argument.
Director
Director
User avatar
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 646
Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
Followers: 35

Kudos [?]: 351 [0], given: 23

GMAT ToolKit User Premium Member
Re: CR: Gambling casinos to attract inexperienced poker players [#permalink] New post 03 Nov 2012, 02:21
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.
_________________

Lets Kudos!!! ;-)
Black Friday Debrief

Manager
Manager
avatar
Joined: 02 Jan 2011
Posts: 201
Followers: 1

Kudos [?]: 31 [0], given: 22

GMAT Tests User
Re: CR: Gambling casinos to attract inexperienced poker players [#permalink] New post 07 Nov 2012, 22:44
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, 22:44
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic An eccentric casino owner decides that his casino should TGC 3 18 Mar 2013, 23:12
no deposit online casinos bnzfuz 0 17 Jun 2011, 00:32
7 Gambling experts contend that with a sufficiently advanced hemanthp 17 02 Oct 2010, 08:05
4 Experts publish their posts in the topic Schools Less Keen On WE? asimov 21 03 Jun 2009, 13:17
1 Gambling experts contend that with a sufficiently advanced mrmikec 18 11 Jun 2006, 21:28
Display posts from previous: Sort by

The owners of gambling casinos are keen to attract

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.