It is less than 1, because 1/2 is also .5, so that is already less than 1 whole. Also, any number under 6 divided by 6 (for example: 5 divided by 6, 3 divided by 6) has to be less than one, since 6 can't evenly go into a number lower than it.
Once your equation is in slope-intercept form: "y = mx+b", the coefficient of "x" (the "m") is the slope. The constant (the "b") is the y-intercept at (0, b).