# Slope Intercept Form: Definition, how to find, and its applications.

When it comes to algebra, one of the most important concepts is graphing linear equations. To graph a linear equation, it is essential to write it in slope-intercept form.

The slope intercept form is a way of writing an equation in the form y=mx+b, which tells us the slope of the line (m) and the y-intercept (b).

Read on to explore everything you need to know about the slope intercept form, how it works, and its applications in real-life situations.

## What is Slope Intercept Form?

Slope intercept form is a way to represent a linear equation on a graph. It is also known as y = mx + b, where ‘m’ is the slope of the line and ‘b’ is the y-intercept.

• The slope is the ratio of the change in the y-coordinate to the change in the x-coordinate, also known as rise over run.
• The y-intercept is the point where the line intersects with the y-axis.

Simply put, slope intercept form enables us to determine the equation of a line from just its slope and y-intercept. In other words, a slope intercept form is used to represent a linear equation in a very simple way.

## How to Find the Slope

Slope intercept form is also known as y = mx + b, where ‘m’ is the slope of the line and ‘b’ is the y-intercept. The slope (m) describes how steep the line is.

To find the slope of a line in slope intercept form:

• Simply look at the coefficient of x (m).
• If the coefficient is positive, the line will go up from left to right.
• And if it is negative, the line will go down from left to right.
• Additionally, the larger the coefficient is, the steeper the line will be.

## How to Find the Y-Intercept

The y-intercept (b) is the point where the line crosses the y-axis. To find the y-intercept of a line in slope intercept form:

• You need to look at the constant term (b).
• The y-intercept is the point (0, b) on the graph, and it represents the value of y when x is equal to zero.

## Examples of Graphing Linear Equations in Slope Intercept Form

Let’s say you have the equation y=3x+2. To graph this equation:

• Start by plotting the y-intercept (0,2) on the y-axis.
• Then, use the slope (3) to find a second point.
• Then use the T table; for example, if x = 1, then y = 5, which will give you the point (1,5).
• Plot this point and draw a line through the two points to graph the equation.

## Real-Life Applications of Slope Intercept Form

One of the key applications of slope intercept form is in graphing linear equations. By knowing the slope and y-intercept of a line, we can easily plot it on a graph and find out its direction and orientation. This information can be useful in determining the relationship between two variables in a real-life situation.

For example, if we want to know the relationship between the quantity and the price of a product, we can use slope intercept form to graph this relationship and find out if it is a positive or negative correlation.

Another important application of slope intercept form is in the field of economics because many economic relationships are linear in nature and can be represented by a straight line.

For example, the relationship between income and spending can be represented by a linear equation, where the slope represents the marginal propensity to consume (MPC), measuring how much more consumers will spend for every additional dollar of income, and the y-intercept represents autonomous spending. By using slope intercept form, economists can easily analyze and predict the behavior of consumers and businesses.

If you want to learn more about slope intercept form, I encourage you to check out Khan Academy or watch this video or the video below.