Please confirm that I am doing this correctly:

What is the probability that a fair coin lands heads four times out of five flips?

I calculate this by doing the following:

Note that "5 choose 4" describes a binomial coefficient.

"5 choose 4" $\displaystyle *(1/2)^5=5*(1/32)=5/32$

which is 15.625%. Please confirm that this is correct. Thanks