Answer
The slope is 4, and the y-intercept is 3.5.
Work Step by Step
We know that $y=mx+b$, where m is the slope and b is the y-intercept. Using this, we find that the equation in slope intercept form is:
$$ 2y=8x+7 \\ y=4x+3.5$$
Thus, the slope is 4, and the y-intercept is 3.5.