The document explains how to use a slope-intercept equation to calculate the total cost of a cab ride based on the number of miles driven. The equation for the cab company is y = 0.85x + $3.00, where y is the total cost, x is the number of miles, 0.85 is the cost per mile, and $3.00 is a flat fee. Examples are provided to show how to calculate the total cost for 1, 2, and 3 miles using the equation.