Bert has exactly $1.37 of loose change in his pocket, including at least one of each: a penny ($0.01), a nickel ($0.05), a dime ($0.10), and a quarter ($0.25). He reaches into his pocket and pulls out one coin at random. What is the probability that the coin is a nickel?

Statement #1: There are exactly seven pennies in his pocket

Statement #2: There are exactly three quarters in his pocket

A:Statement 1 ALONE is sufficient to answer the question, but statement 2 alone is NOT sufficient.

B:Statement 2 ALONE is sufficient to answer the question, but statement 1 alone is NOT sufficient.

C:BOTH statements 1 and 2 TOGETHER are sufficient to answer the question, but NEITHER statement ALONE is sufficient.

D:Each statement ALONE is sufficient to answer the question.

E:Statement 1 and 2 TOGETHER are NOT sufficient to answer the question.