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In this tutorial video by Trump Excel, the presenter explains how to insert and use radio buttons (option buttons) in Excel. To access the Developer tab, users need to right-click on any ribbon option, select "Customize the Ribbon," and ensure the Developer option is checked. Once the Developer tab is visible, users can insert a radio button by navigating to the Controls section, selecting the "Insert" option, and then choosing the "Option Button." After clicking the option button, users can place it anywhere on the worksheet, creating a selectable circle accompanied by the label "Option Button 1."