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

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CEO
Joined: 15 Aug 2003
Posts: 3454

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People tend to judge how likely it is that an event will [#permalink]

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22 Sep 2003, 08:13
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64% (01:24) correct 36% (02:01) wrong based on 34 sessions

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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.

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

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

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SVP
Joined: 03 Feb 2003
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22 Sep 2003, 09:31
I vote for A. The advertisements featuring the winners make people believe that it is likely to win.

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Intern
Joined: 20 Sep 2003
Posts: 22

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Location: NY, NY

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22 Sep 2003, 20:26
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.
_________________

Yoda
________________________________
Try not. Do or Not Do, there is no try!

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Manager
Joined: 15 Sep 2003
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22 Sep 2003, 21:07
i say C also...it follows logically

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Senior Manager
Joined: 22 Aug 2003
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23 Sep 2003, 02:11
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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CEO
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23 Sep 2003, 08:29
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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Senior Manager
Joined: 22 Aug 2003
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24 Sep 2003, 01:46
praet wrote: can you explain why B is not correct
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.

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GMAT Club Legend
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Re: People tend to judge how likely it is that an event will [#permalink]

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12 Jul 2015, 22:42
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: People tend to judge how likely it is that an event will   [#permalink] 12 Jul 2015, 22:42
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