Your answer is true.
![y=mx+b](https://img.qammunity.org/2019/formulas/mathematics/college/hmt7wxoetxgettvoxgzsv2e1z1jn04v2qq.png)
The equation is used to find the equation of a line in slope-intercept form.
m is used to represent the slope.
x is used to represent the x-axis.
y is used to represent the y-axis.
b is used to represent the y-intercept.
If you have any questions, feel free to ask! :)