Slope intercept form:
y=mx+b
Where:
m= slope (rise y /run x )
b= y-intercept ( where the line crosses the y- axis )
m=1/3
b= -3
Replacing:
y= 1/3x-3
So, the line crosses the y- axis at y=-3, and since the slope is positive the line increases 1 unit up, by every 3 units to the right along the x axis.