SOLUTION: Is this correct? In the formula y = mx + b, mx is the slope

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Question 469938: Is this correct?
In the formula y = mx + b, mx is the slope
Answer by MathLover1(20850) About Me  (Show Source):
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the formula y+=+mx+%2B+b is called the slope-intercept form because "m" is the slope and "b" gives the y-intercept.