Final answer:
The capacity of the phone line channel is 3686.31 bits per second.
Step-by-step explanation:
The capacity of a channel can be calculated using Shannon's formula:
Capacity = bandwidth * log2(signal-to-noise ratio)
In this case, the bandwidth is 300 Hz and the signal-to-noise ratio is 5000.
Using the formula: Capacity = 300 * log2(5000) = 300 * 12.2877 = 3686.31 bits per second.