Blake Francis, the CFO of Doolittle Corporation, is evaluating three foreign exchange forecasting companies to help with their expansion into Europe. He has obtained past performance data from the companies showing the number of times they correctly forecast the dollar/euro rate appreciating or depreciating out of 50 total forecasts. Blake wants to know if the available data provides any indication of the companies' forecasting abilities and what additional information he should obtain to make a better judgment. The document also asks the reader to analyze the Big Mac PPP data attached to identify an overvalued currency versus the dollar, look up the current exchange rate to determine how much could have been made or lost speculating on the overvaluation, and provide a