Concept:
A binary operation $*$ combines two elements according to a specific given rule. Here, the rule is:
$$a*b=\frac{a}{b}+\frac{b}{a}+\frac{1}{ab}$$
Step 1: Identify the values for a and b.
We need to evaluate the expression for $2*5$.
Comparing this to $a*b$, we assign:
$$a=2$$
$$b=5$$
Step 2: Substitute values into the operation.
Substitute $a=2$ and $b=5$ into the defined formula:
$$2*5=\frac{2}{5}+\frac{5}{2}+\frac{1}{(2)(5)}$$
Step 3: Simplify the expression.
Multiply the terms in the denominator of the third fraction:
$$2*5=\frac{2}{5}+\frac{5}{2}+\frac{1}{10}$$
Step 4: Find a common denominator.
To add the fractions, find the least common multiple of the denominators 5, 2, and 10, which is 10. Convert each fraction:
$$\frac{2}{5}=\frac{4}{10}$$
$$\frac{5}{2}=\frac{25}{10}$$
The third fraction is already $\frac{1}{10}$.
Step 5: Add the fractions and select the answer.
Combine the numerators over the common denominator:
$$2*5=\frac{4+25+1}{10}$$
$$2*5=\frac{30}{10}$$
$$2*5=3$$
Hence the correct answer is (B) 3.