The equations that best represent the situation are:
X = 4y – 2
1.5x + 5y = 1152
The first equation represents the fact that the number of $1.50 tickets sold was two less than four times the number of $5 tickets sold.
The second equation represents the fact that the pep club raised $1,152 from the ticket sales, where 1.5x represents the total amount of money earned from the $1.50 tickets and 5y represents the total amount of money earned from the $5 tickets.
x = 2 - 4y and y = 2 - 4x are not correct equations as they don't represent the given information in the problem.