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In this tutorial, the speaker, who is a digital signature and workflow automation consultant, explains how to set up formula fields in docHub. By the end of the video, viewers will learn how to calculate dates and numbers. The example used is a scenario where a company sends a form to customers to choose a car model, color, booking duration, and price calculation. The tutorial demonstrates how to create a drop-down menu for car model selection, as radio buttons do not allow assigning values to each option.