You were recently hired by the Doolittle Corporation corporate treasury to help oversee its expansion $/ rate,

Question:

You were recently hired by the Doolittle Corporation corporate treasury to help oversee its expansion $/€ rate, the companies reported the number of times they correctly forecast appreciations and depreciations:

There are a total of 35 dollar appreciations (down periods) and 15 dollar depreciations (up periods) in the sample. Blake wants to know two things:
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 betterjudgment?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...