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In this video tutorial by Trump Excel, the presenter explains how to insert and use radio buttons (option buttons) in Excel. First, users need to enable the Developer tab by right-clicking on the ribbon, selecting "Customize the Ribbon," and ensuring the Developer option is checked. Once the Developer tab is visible, users can insert a radio button by navigating to the Controls section and selecting the "Insert" option. After choosing the option button, users can click anywhere on the worksheet to place it. The inserted radio button will display as a selectable circle marked "option button 1." Further details on customization and functionality follow.