Hi Lucy,
I don't know the Excel formula, but you can compute this probability with a calculator relatively easily. This is a binomial distribution with "success" (ironically non-growth) and "failure" (ironically growth). Binomial distribution formula:
P(X=x)= C(n,x) px * qn-x
C(n,x) = n!/(x!(n-x)!)
!=Factorial=4*3*2*1, etc.
n=sample size
x=number of "successes" you desire
p=probability of success
q=probability of failure=1-p
Here:
n=7
x=2
p=0.2--probability of non-growth
q=0.8--probability of growth
P(X=2)=C(7,2)*0.22*0.85
C(7,2)= 7!/(2!*5!) = 21
P(X=2) = 21*0.22*0.85
P= 0.2753
I hope this helps.