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With seventeen casinos, Moneyland operates the most casinos

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With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 21 Jul 2016, 12:56
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With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.
[Reveal] Spoiler: OA

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 22 Jul 2016, 05:39
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we need to assume that casinos sold will be bought by other casino Owners!
that didnt occur to me!

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 22 Jul 2016, 08:43
Hi Moderators,

This question is wrongly tagged as EVALUATE ARGUMENT? Please change it to weaken. thanks.
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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 22 Jul 2016, 09:27
paidlukkha wrote:
I was stuck between A & C
why is C wrong?


Hi!

I think C neither strengthens or weakens the prediction.

Prediction: Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Basically we need to somehow support Moneyland to increase the number to >20.

Counties that do not permit casinos are like neutral voters, they can neither increase nor decrease Moneyland's casino count.

What's your line of reasoning?
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With seventeen casinos, Moneyland operates the most casinos [#permalink]

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paidlukkha wrote:
I was stuck between A & C
why is C wrong?


origen87 wrote:
Hi!

I think C neither strengthens or weakens the prediction.

Prediction: Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Basically we need to somehow support Moneyland to increase the number to >20.

Counties that do not permit casinos are like neutral voters, they can neither increase nor decrease Moneyland's casino count.

What's your line of reasoning?


RaghavSingla wrote:
Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

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Option A:
Previously Apex + Eldorado = 25 casinos,

After acquisition Apex = 25 (before selling)
After acquisition Moneyland = 17 (before buying)
Total 42 casinos.

There are 5 counties in which Apex and Eldorado both had casinos. Therefore Apex has to sell off those 5 casinos in those 5 counties. Now consider the 6 cases:

Out of those 5 counties, Moneyland could already have a casino in 0,1,2,3,4 or all 5 counties. Following are the 6 cases:

case 1: Apex 20, Moneyland 22, closed down 0. (Moneyland had casino in 0 counties, Apex sells 5 casinos to Moneyland) (RaghavSingla, this is the only case you considered; however there are 5 other possible cases)
case 2: Apex 20, Moneyland 21, closed down 1. (Moneyland had casino in 1 county, Apex sells 4 casinos to Moneyland)

case 3: Apex 20, Moneyland 20, closed down 2. (Moneyland had casino in 2 counties, Apex sells 3 casinos to Moneyland)
case 4: Apex 20, Moneyland 19, closed down 3. (Moneyland had casino in 3 counties, Apex sells 2 casinos to Moneyland)
case 5: Apex 20, Moneyland 18, closed down 4. (Moneyland had casino in 4 counties, Apex sells 1 casino to Moneyland)
case 6: Apex 20, Moneyland 17, closed down 5. (Moneyland had casino in all 5 counties, Apex sells 0 casino to Moneyland)

There are 2 cases (case 1,2), in which Apex does not have the maximum number of casinos. Hence A weakens.
However we can also see that in the last 4 cases (case 3-6), Apex still has the maximum number of casinos. Hence A strengthens the argument.

Now since probability of strengthening is 4 out of 6 and weakening is 2 out of 6, statement A is actually a strengthening type statement, not a weakening type.

There should have been another line in the passage " Moneyland does not have casinos in at least 2 counties in which both Apex and Eldorado have casinos". Then the question is weakening type since then only case 1 and case 2 would be valid. Moreover then it would not be a weakening type, but an inference type question.

Option C: It does not matter whether some counties do not allow casinos. Those counties in any case do not have any casinos and hence do not come into consideration in the above analysis.

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With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 22 Jul 2016, 14:52
HKD1710 wrote:
Hi Moderators,

This question is wrongly tagged as EVALUATE ARGUMENT? Please change it to weaken. thanks.


I can see a problem with the subject question. It should be an inference type question given an additional line in the argument. Please see my post above. I shall wait for some time to see the feedback - whether I missed anything in my logic. Then I shall make the changes accordingly.

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 01 Aug 2016, 10:40
Very good question. I see that the hard questions from CR involves quant in finding the correct choice.

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New post 18 Aug 2016, 00:09
very poorly written question. in my opinion any CR question with less than 50% correct should be tossed out. unlike the quant section which has a correct answer, CR is more of an opinion and if the majority can't get it correct, it's a bad question. should also note that making too many analogies and thinking outside the box, which seems was necessary to conclude A being the correct answer, will actually hurt you in the CR.

That being said, I choose B. Apex acquired Eldorado's casinos and will have 20 (the most) casinos, what might weaken this? Well if the casinos Apex acquired from Eldorado needed extensive renovations than Apex might just decide not to operate those casinos. It's no different than buying a house and finding out it's not up to code or a car that needs a ton of work and realizing it's cheaper to get rid of it than to repair.

I know it's a bit of a stretch to assume Apex would get rid of those casinos, but I could make the same argument with (A) who said Apex had to sell it's casinos to Moneyland? Seems odd to sell directly to your competitor. Who said Apex can't sell the casino for other purpose to destroy it and sell the land? And who said Apex had to sell to Moneyland, answer A says Eldorado is still a player.

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very poorly written question. in my opinion any CR question with less than 50% correct should be tossed out. unlike the quant section which has a correct answer, CR is more of an opinion and if the majority can't get it correct, it's a bad question. should also note that making too many analogies and thinking outside the box, which seems was necessary to conclude A being the correct answer, will actually hurt you in the CR.

That being said, I choose B. Apex acquired Eldorado's casinos and will have 20 (the most) casinos, what might weaken this? Well if the casinos Apex acquired from Eldorado needed extensive renovations than Apex might just decide not to operate those casinos. It's no different than buying a house and finding out it's not up to code or a car that needs a ton of work and realizing it's cheaper to get rid of it than to repair.

I know it's a bit of a stretch to assume Apex would get rid of those casinos, but I could make the same argument with (A) who said Apex had to sell it's casinos to Moneyland? Seems odd to sell directly to your competitor. Who said Apex can't sell the casino for other purpose to destroy it and sell the land? And who said Apex had to sell to Moneyland, answer A says Eldorado is still a player.


Your suggestion would not be very effective since if one had to "toss out" questions "with less than 50% correct" answers, then all higher than average difficulty level questions would be required to be taken out - the best questions out there have very low hit rates.

Have you gone through the explanation below?
with-seventeen-casinos-moneyland-operates-the-most-casinos-222382.html#p1713337

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.


Tricky question :)

Well:
if apex will have 20 and it sold 5 to some one if that someone has more than 20, then the conclusion is weakened.
according to A it will sell it to someone with 17 casinos => 17+5 =22 -> weakens the conclusion.

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With seventeen casinos, Moneyland operates the most casinos [#permalink]

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Hello,

A) is the correct answer and at least to me - the logic is clear if we assume as per the powerscore bible that GMAT questions are written to be logically sound with no additional information

Prompt:
Moneyland has 17 casinos
Post acquisition Apex will be left with 20 casinos but only after selling 5 casinos. Those 5 casinos will therefore be bought by someone. One can logically infer that one would not buy a casino to shut it down but its not actually necessary to do so (most weaken is not an absolute)

A) states that the casino landscape is a closed system, the buyer of those casinos must therefore be moneyland. Therefore moneylands total casinos could increase to 22. The key is could, it may not but it certainly raises significantly the possibility that Moneyland would operate more than 20 casinos

Therefore A) weakens the conclusion

As regards C) - this does not weaken the conclusion indeed the prompt uses the word "operate" which implies that the 20 casinos will by definition be in areas where they will be able to operate
-----
With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.

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With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 10 Nov 2016, 02:53
Very good question. What version of OG does this question belong to?

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New post 08 Dec 2016, 18:35
sayantanc2k wrote:
paidlukkha wrote:
I was stuck between A & C
why is C wrong?


origen87 wrote:
Hi!

I think C neither strengthens or weakens the prediction.

Prediction: Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Basically we need to somehow support Moneyland to increase the number to >20.

Counties that do not permit casinos are like neutral voters, they can neither increase nor decrease Moneyland's casino count.

What's your line of reasoning?


RaghavSingla wrote:
Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

Please give Kudos!

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Option A:
Previously Apex + Eldorado = 25 casinos,

After acquisition Apex = 25 (before selling)
After acquisition Moneyland = 17 (before buying)
Total 42 casinos.

There are 5 counties in which Apex and Eldorado both had casinos. Therefore Apex has to sell off those 5 casinos in those 5 counties. Now consider the 6 cases:

Out of those 5 counties, Moneyland could already have a casino in 0,1,2,3,4 or all 5 counties. Following are the 6 cases:

case 1: Apex 20, Moneyland 22, closed down 0. (Moneyland had casino in 0 counties, Apex sells 5 casinos to Moneyland) (RaghavSingla, this is the only case you considered; however there are 5 other possible cases)
case 2: Apex 20, Moneyland 21, closed down 1. (Moneyland had casino in 1 county, Apex sells 4 casinos to Moneyland)

case 3: Apex 20, Moneyland 20, closed down 2. (Moneyland had casino in 2 counties, Apex sells 3 casinos to Moneyland)
case 4: Apex 20, Moneyland 19, closed down 3. (Moneyland had casino in 3 counties, Apex sells 2 casinos to Moneyland)
case 5: Apex 20, Moneyland 18, closed down 4. (Moneyland had casino in 4 counties, Apex sells 1 casino to Moneyland)
case 6: Apex 20, Moneyland 17, closed down 5. (Moneyland had casino in all 5 counties, Apex sells 0 casino to Moneyland)

There are 2 cases (case 1,2), in which Apex does not have the maximum number of casinos. Hence A weakens.
However we can also see that in the last 4 cases (case 3-6), Apex still has the maximum number of casinos. Hence A strengthens the argument.

Now since probability of strengthening is 4 out of 6 and weakening is 2 out of 6, statement A is actually a strengthening type statement, not a weakening type.

There should have been another line in the passage " Moneyland does not have casinos in at least 2 counties in which both Apex and Eldorado have casinos". Then the question is weakening type since then only case 1 and case 2 would be valid. Moreover then it would not be a weakening type, but an inference type question.

Option C: It does not matter whether some counties do not allow casinos. Those counties in any case do not have any casinos and hence do not come into consideration in the above analysis.


Awesome explanation for all the cases. Many thanks for that. I could only think about the first case in which M buys all the casinos.

And confusion regarding the other options is also valid 100%.
But I think if we look at options other than A, we can eliminate them. My take on this:-
A - case already discussed in detail.
B - Even if casino's will need renovations to operate profitably, we should not be considered about that because profit from casinos is not the concern. Profitable operation is never mentioned in argument. It just says operation. So we can eliminate this.
C - Some counties don't permit - this again shouldn't bother us because nowhere it is mentioned in the argument that we should be concerned about all counties. argument is just about number of casinos operated by 3 chains.
D - This is irrelevant I think because - even if M operates casinos in majority counties , there is nowhere mentioned that one county cannot have more than one casinos operated by different chains. M can have one casino and Apex can also have one casino in same county. Also something similar to this option is already mentioned in argument - "Moneyland operates the most casinos in a certain state". So I believe this option should not count as valid answer.
E - What Apex will do with funds doesn't help in weakening.

So, we can eliminate all other options and option A is left that has at least something to weaken this argument.

Comments on this analysis are most welcome. Please let me know if there is something wrong with the way I have eliminated rest options.

Thanks

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New post 08 Dec 2016, 18:41
One more point.

How much time should we give to this level of questions? I took me more than 3 minutes to solve this :(
Should we solve questions of this level in test or just guess and move ahead to save time?

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 10 Mar 2017, 14:40
Ahhhhh what a beautiful question!!! Was so close but overlooked option A.

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.


Casino Negotiations

Step 1: Identify the Question

The word undermines in the question stem indicates that this is a Weaken the Argument question.

Step 2: Deconstruct the Argument

M: 17 casinos (most in state)

A: acquired E chain of casinos

A must sell 5 casinos, 20 left → © A will have most

Step 3: Pause and State the Goal

In a Weaken question, the right answer will make the conclusion less likely to be correct. Here, the conclusion is that Apex Casinos will have the most casinos in the state, after it completes its acquisition of Eldorado. The right answer will show how Apex could actually not have the most casinos in the state. It will likely do this by showing that Moneyland will acquire more casinos, that Apex will lose more casinos, or that a third entity will have more casinos than Apex.

Step 4: Work from Wrong to Right

(A) CORRECT. As part of its overall plan, Apex is required to sell five casinos. If Apex doesn’t do this successfully, it will not be able to acquire the Eldorado casinos, and will not have the most casinos in the state. If it does successfully sell the 5 casinos, it must have a buyer. This answer choice implies that the only possible buyer is Moneyland. Moneyland already has 17 casinos, so if it buys five casinos from Apex, it will have 22 in total. In this scenario, Moneyland, not Apex, will have the most casinos.

(B) The conclusion only states that Apex will have the most casinos, not the most profitable casinos. Whether the casinos can operate profitably isn’t relevant to the conclusion.

(C) It is not clear how these rules would affect the likelihood of Apex successfully acquiring Eldorado’s casinos to become the company with the most casinos because Eldorado’s existing casinos have to be located in counties that allow casinos. This prohibition could limit the ability to build new casinos, but this would affect all companies and would not change the number of existing casinos.

(D) The argument already states that Moneyland owns 17 casinos. As long as this is fewer than 20, and as long as Moneyland does not acquire more casinos, the conclusion will hold. This answer choice does not state that Moneyland will acquire more casinos (or that Apex will be unable to acquire casinos). In fact, it makes it less likely that Moneyland will be able to acquire more casinos, since the state only allows Moneyland to operate one casino per county.

(E) This makes it more likely, not less likely, that Apex’s acquisition will be successful. If there is a clear source of funding, Apex is more likely to successfully complete the acquisition and end up with 20 casinos in total.
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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 04 May 2017, 04:33
RaghavSingla wrote:
Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

Please give Kudos!

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Wow +1! Could not see that at all. I am starting to believe GMAT test makers are psychopaths.

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 03 Jul 2017, 14:13
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I used POE- couldn't find any of the options weakening - especially not B,C,D,E
then it struck me that 17+5 = 22 > 20

OMG- this took a long time but damn good question!

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Re: With seventeen casinos, Moneyland operates the most casinos [#permalink]

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New post 16 Jul 2017, 22:36
now, I can understand that "5 casinos" belong to Eldorado.

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Re: With seventeen casinos, Moneyland operates the most casinos   [#permalink] 16 Jul 2017, 22:36

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