We are given a bag containing 5 red balls and 3 green balls, and we are asked to find the probability of drawing two red balls without replacement.
Step 1: Total number of balls
The total number of balls in the bag is:
\[
5 \, \text{(red balls)} + 3 \, \text{(green balls)} = 8 \, \text{balls}
\]
Step 2: Probability of drawing the first red ball
The probability of drawing the first red ball is:
\[
P(\text{First red}) = \frac{5}{8}
\]
Step 3: Probability of drawing the second red ball
After drawing the first red ball, there are 4 red balls left and the total number of balls is now 7. Thus, the probability of drawing the second red ball is:
\[
P(\text{Second red}) = \frac{4}{7}
\]
Step 4: Multiply the probabilities
Since the events are dependent (we are drawing without replacement), the probability that both balls drawn are red is the product of the individual probabilities:
\[
P(\text{Both red}) = P(\text{First red}) \times P(\text{Second red}) = \frac{5}{8} \times \frac{4}{7} = \frac{20}{56} = \frac{5}{21}
\]
Answer: The probability that both balls drawn are red is \( \frac{5}{21} \), so the correct answer is option (2).