The document discusses the difference quotient formula for calculating the slope between two points (x1,y1) and (x2,y2) on a function y=f(x). It shows that the slope m is equal to (f(x+h)-f(x))/h, where h is the difference between x1 and x2. This "difference quotient" formula allows slopes to be calculated from the values of a function at two nearby points. Examples are given of simplifying the difference quotient for quadratic and rational functions.