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In this video tutorial by Trump Excel, the presenter explains how to insert and use radio buttons in Excel. To display the Developer tab, right-click on any ribbon option, select "Customize the Ribbon," and ensure the Developer option is checked before clicking OK. Once the Developer tab is visible, users can insert a radio button (option button) by selecting the "Insert" option within the "Controls" section. By clicking on the "Option Button" and then on the worksheet, the radio button is inserted. The video demonstrates how to interact with the newly created button, initially labeled "Option Button 1."