Let me see if I can recall my biz school stats class.
This is a binomial. You need 5 successes in 7 tries with a 60% chance of success on any given try. Correct?
Okay then so the insane gorilla fomula is trail is p, k is success, n is number of trials.
= n!/ [(n-k)! k!] * p^k * (1-p)^n-k
= 7!/(7-5)! 5! * (0.6)^5 (1-.6)^(7-5).
=5040/(2)(120) * (.0778)(.16)
= 21* .0124
=2614 or 26%
So with any given trial having a 60% chance of success, you'll only see 5 successes in 7 trials 26% of the time.