Final answer:
The value bo in the linear equation y=bo+b1x represents the y-intercept of the line, which is where the line crosses the y-axis when x is zero. Therefore, the correct answer is c. intercept of the line.
Step-by-step explanation:
The equation describing the linear relationship between x and y is y = bo + b1x. The value bo in this equation represents the y-intercept of the line. In the context of a linear equation, the y-intercept is the y-coordinate where the line crosses the y-axis, which occurs when x equals zero. Therefore, the correct answer is c. intercept of the line. The slope of a line, represented by b1 in the equation, describes the rate of change between x and y. This rate of change indicates how much y increases or decreases as x increases by one unit. The intercept and slope together define the shape and position of the straight line described by the equation.