Hi there
This code is for the pressure control solenoid inside the transmission and NOT and O2 sensor. This code can come up due to low or dirty transmission fluid as well as wiring issues or a problem with the solenoid itself. Here is some info on it for you.
P0775 FORD - Pressure Control Solenoid 'B' Malfunction Read more: https://www.autocodes.com/p0775_ford.html
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