Compare the fractions by converting to decimals or finding a common denominator.<br><br>
&bull; \( \frac{2}{5} = 0.4 \)<br>
&bull; \( \frac{3}{7} \approx 0.429 \)<br>
&bull; \( \frac{4}{11} \approx 0.364 \)<br>
&bull; \( \frac{5}{2} = 2.5 \)<br><br>
The smallest value is \( \frac{4}{11} \).<br><br>
Final Answer: \( \frac{4}{11} \)