A student is considering applying for two scholarships. Scholarship Ais worth $1000and scholarship Bis worth $5000. Costs involved in applying are $15for scholarship Aand $35 for scholarship B. The probability of receiving scholarship Ais 0.05and of scholarship Bis 0.01.

a. What is the student's expected value for applying for scholarship A? The student's expected value for applying for scholarship Ais $ Enter your answer in accordance to the item a) of the question statement .

b. What is the student's expected value for applying for scholarship B? The student's expected value for applying for scholarship Bis $ Enter your answer in accordance to the item b) of the question statement .

c. If the student can apply for only one scholarship, which should she apply for? She should apply for Choose your answer in accordance to the item c) of the question statement scholarship A.scholarship B.