Final answer:
The equation of the line is y = (1/8)x - 2/3.
Step-by-step explanation:
The equation of a line in slope-intercept form is given by y = mx + b, where m represents the slope and b represents the y-intercept.
Given the slope m = 1/8 and the y-intercept b = -2/3, we can substitute these values into the equation to get y = (1/8)x - 2/3.
Thus, the equation of the line in slope-intercept form is y = (1/8)x - 2/3.