GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video
close
It is currently 09 May 2021, 03:03
Register
GMAT Club Tests
Decision Tracker
My Rewards
New posts
New comers' posts

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.

Go to My Error Log Learn more
Close

Request Expert Reply

Confirm Cancel
The owners of gambling casinos are keen to attract
8 posts Go to First Unread Post
Print view
NEW TOPIC
POST REPLY
Downloads
My Bookmarks
Reviews
SORT BY:
Date
Kudos
Tags:
Find Similar Topics 

Show Tags
Hide Tags

avatar
divineacclivity
Intern
Intern
Joined: 15 Mar 2012
Posts: 36
The owners of gambling casinos are keen to attract [#permalink] New post  03 Nov 2012, 00:59
1
Kudos
1
Bookmarks
00:00
A
B
C
D
E

Difficulty:

15% (low)

Question Stats:

78% (01:03) correct 22% (01:10) wrong based on 239 sessions

Hide Show timer Statistics

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.

Show Spoiler
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
ShowHide Answer
Official Answer
Official Answer and Stats are available only to registered users. Register/Login.
request expert reply
avatar
abhi0697
Intern
Intern
Joined: 16 Apr 2011
Posts: 2
GMAT ToolKit User
Re: The owners of gambling casinos are keen to attract [#permalink] New post  03 Nov 2012, 01:25
1
Kudos
Answer should be B.

D talks about player's expectations. B correctly infers the intended meaning of the argument.
User avatar
Vips0000
Director
Director
Joined: 15 Sep 2012
Status:Done with formalities.. and back..
Posts: 541
Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE:Information Technology (Computer Software)
GMAT ToolKit User Reviews Badge
Re: The owners of gambling casinos are keen to attract [#permalink] New post  03 Nov 2012, 02:21
2
Kudos
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.
avatar
sidhu09
Manager
Manager
Joined: 02 Jan 2011
Posts: 107
Re: The owners of gambling casinos are keen to attract [#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.
User avatar
D
abhishekdadarwal2009
Director
Director
Joined: 04 Sep 2015
Posts: 648
Location: India
WE:Information Technology (Computer Software)
Reviews Badge
Re: The owners of gambling casinos are keen to attract [#permalink] New post  08 Aug 2017, 08:55
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.
the element of chance is not provided in the premise
(B) The probability of winning a game of poker increases with experience.
Correct inference because the
(C) Casinos make extremely large profits.
not discussed
(D) Inexperienced players lose more money than they expect to when playing poker at casinos.
the expectation of the player does not matter ehr in the given argument.
(E) All games played at casinos involve an element of isk.
true but it is not discussed in the argument.
avatar
P
saurabh9gupta
Senior Manager
Senior Manager
Joined: 10 Jan 2013
Posts: 300
Location: India
Concentration: General Management, Strategy
GPA: 3.95
GMAT ToolKit User Reviews Badge
Re: The owners of gambling casinos are keen to attract [#permalink] New post  03 Sep 2019, 09:08
hi Bunuel - please add the OA to this question.
User avatar
V
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 74525
CAT Tests Top Member of the Month
Re: The owners of gambling casinos are keen to attract [#permalink] New post  03 Sep 2019, 09:16
Expert Reply
saurabh9gupta wrote:
hi Bunuel - please add the OA to this question.

_______________________
Done.
_________________
New to the GMAT CLUB Forum?
Posting Rules: QUANTITATIVE | VERBAL. Guides and Resources: QUANTITATIVE | VERBAL | Ultimate GMAT Quantitative Megathread | All You Need for Quant

Questions' Banks and Collection:
PS: Standard deviation | Tough Problem Solving Questions With Solutions | Probability and Combinations Questions With Solutions | Tough and tricky exponents and roots questions | 12 Easy Pieces (or not?) | Bakers' Dozen | Algebra set | Mixed Questions | Fresh Meat
DS: DS Standard deviation | Inequalities | 700+ GMAT Data Sufficiency Questions With Explanations | Tough and tricky exponents and roots questions | The Discreet Charm of the DS | Devil's Dozen!!! | Number Properties set | New DS set
MIXED: GMAT Club's Complete Questions' Bank | SEVEN SAMURAI OF 2012 | Tricky questions from previous years. | Special Questions' Directory | Best Of The Best Of 2017 | The Best Of Quant of 2016 | 20 hardest and 20 best questions of 2015 | 15 best topics of 2015 | Seven Samurai of 2012 | GMAT Probability Questions

What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics
Signature Read More
avatar
G
Ilishar
Intern
Intern
Joined: 12 Aug 2017
Posts: 46
Concentration: General Management, Marketing
GMAT ToolKit User
Re: The owners of gambling casinos are keen to attract [#permalink] New post  03 Sep 2019, 21:40
1
Kudos
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. generally true but not relevant to experienced or inexperienced people discussed in the passage.
(B) The probability of winning a game of poker increases with
experience. true as skill increases with experience, increasing the chances of winning
(C) Casinos make extremely large profits. out of scope
(D) Inexperienced players lose more money than they expect to
when playing poker at casinos. irrelevant
(E) All games played at casinos involve an element of risk. generally true but not relevant to experienced or inexperienced people discussed in the passage.
_________________
The key is not the will to win, it's the will to prepare to win that is important !!
Signature Read More
GMAT Club Bot
gmatclubot
Re: The owners of gambling casinos are keen to attract [#permalink]
03 Sep 2019, 21:40
NEW TOPIC
POST REPLY
Downloads
My Bookmarks
Reviews
Moderators:
GMATNinja
GMAT Club Verbal Expert
4505 posts
GMATNinjaTwo
GMAT Club Verbal Expert
261 posts
mira93
CR Forum Moderator
127 posts
nightblade354
CR & LSAT Forum Moderator
1054 posts
carouselambra
CR Forum Moderator
543 posts

cron

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions