As Reddly says here, process of elimination might be a great way to do this problem depending on what the answer choices look like. If answer choices are improper fractions, then it might be more difficult, but generally, if you can use POE, it is a very sound idea to do so.
If you're kind of weak in QR and you have trouble finishing this section, it _might_ be a good idea to take your best quick guess, mark, and move on (and come back to it later if you have time). There are only a handful of stats questions (probably something like 2 or 3), so if you already have trouble finishing and your stats skills aren't good, why not just mark it and come back to it later?
But if you understand combinations and that binomial formula, you are golden. You can apply it to any of these coin flip problems. Try it a couple of times using the formula, and it will make sense. It's actually very logical, and you'll see the pattern for why it is the way it is. Plus, if the question is on the DAT, the coin is a fair coin (at least I have not seen a situation where it is not a fair coin)...so it makes that binomial equation even simpler.