Step 1 :Let's start by finding the derivative of the function \(f(x)=\sqrt[3]{x}\) at \(x=1\). This will give us the slope of the tangent line at that point, which is the value of \(m\) we're looking for.
Step 2 :Using the power rule for differentiation, we find that \(f'(x) = \frac{1}{3}x^{-\frac{2}{3}}\). Evaluating this at \(x=1\), we find that \(m = \frac{1}{3}\).
Step 3 :Next, we find the value of \(b\) by substituting \(x=1\) and \(f(x)=1\) into the equation of the line \(y=mx+b\). This gives us \(b = 1 - m = \frac{2}{3}\).
Step 4 :So, the equation of the tangent line to \(f(x)\) at \(x=1\) is \(y = \frac{1}{3}x + \frac{2}{3}\).
Step 5 :Finally, we use the equation of the tangent line to approximate the value of \(\sqrt[3]{1.2}\). Substituting \(x=1.2\) into the equation of the line, we find that \(\sqrt[3]{1.2} \approx 1.067\).
Step 6 :Final Answer: The slope of the tangent line \(m\) is \(\boxed{\frac{1}{3}}\), the y-intercept \(b\) is \(\boxed{\frac{2}{3}}\), and the approximation for \(\sqrt[3]{1.2}\) is approximately \(\boxed{1.067}\).