You were recently hired by the Doolittle Corporation corporate treasury to help oversee its expansion into Europe. Blake Francis, the CFO, wants to hire a foreign exchange forecasting company. Blake has asked you to evaluate three different companies, and he has obtained information on their past performances. Out of a total of 50 forecasts for the $/rate, the companies reported the number of times they correctly forecast appreciations and depreciations:

a. Can anything be said about the companies forecasting ability with the available data?

b. What additional information should blake try to obtain in order to form a better judgment?

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