To find the slope-intercept form of the equation of the line, we start with the point-slope form given:
\[ y - 3 = \frac{1}{2}(x - 1) \]
We will rearrange this equation into slope-intercept form, \( y = mx + b \), where \( m \) is the slope and \( b \) is the y-intercept.
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Distribute \( \frac{1}{2} \) on the right side:
\[ y - 3 = \frac{1}{2}x - \frac{1}{2} \]
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Next, add 3 to both sides to isolate \( y \):
\[ y = \frac{1}{2}x - \frac{1}{2} + 3 \]
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Combine the constant terms on the right side:
\[ -\frac{1}{2} + 3 = -\frac{1}{2} + \frac{6}{2} = \frac{5}{2} \]
So we have:
\[ y = \frac{1}{2}x + \frac{5}{2} \]
Thus, the slope-intercept form of the equation of the line is:
\[ y = \frac{1}{2}x + \frac{5}{2} \]
So the correct answer is:
\( y = \frac{1}{2}x + \frac{5}{2} \)