Final answer:
The slope represents the rate of change in the dependent variable, while the y-intercept gives the starting point of the line.
Step-by-step explanation:
The slope, represented by the coefficient of the independent variable, indicates the rate of change in the dependent variable for each unit change in the independent variable. It tells us how the dependent variable increases or decreases as the independent variable increases by one unit.
The y-intercept represents the predicted value of the dependent variable when the independent variable is zero. It gives us the starting point of the regression line.