Question: A box contains 5 red chips, 7 blue chips and 8 white chips. On the draw two chips without replacement, you bet $1 that both

A box contains 5 red chips, 7 blue chips and 8 white chips. On the draw two chips without replacement, you bet $1 that both are red. If they are, you win $17 and your dollar back. If not, you lose the dollar bet. what is the expected net loss of the game."

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