1 Four thousand rallle tickets are sold for $5 each. Three prizes will be awarded, one for $1,500 and two for $750. Assume that the probability that any given ticket is 2 Winners do not have their ticket costs of $5 selected for the $1,500 prize is 2.000 and the probability that any given ticket is selected for a $750 prize is 4,000 refunded to them. Jennifer purchases one of these tickets. Complete parts (a) and (b) bekw. (a) Determine Jennifer's expected value. 2 Type an integer or a decimal rounded to the nearest hundredth as needed) bcon (b) Determine the fair price of a ticket 0 of (Type an integer or a decimal rounded to the nearest hundredth as needed) O of O of of O of