Step 1 :The standard form of the equation of an ellipse with its center at the origin (0,0) and its foci along the x-axis is given by: \(x^2/a^2 + y^2/b^2 = 1\), where a is the distance from the center to a vertex (half the length of the major axis) and b is the distance from the center to a co-vertex (half the length of the minor axis).
Step 2 :The distance between the foci is 2c, where c is the distance from the center to a focus. In this case, the foci are given as (-4,0) and (4,0), so c = 4.
Step 3 :The y-intercepts are given as -7 and 7, so the length of the minor axis is 14, and therefore b = 7.
Step 4 :We can find a using the relationship \(a^2 = b^2 + c^2\).
Step 5 :Let's calculate a: \(a = \sqrt{b^2 + c^2} = \sqrt{7^2 + 4^2} = 8.06225774829855\).
Step 6 :Now that we have the values of a, b, and c, we can write the equation of the ellipse in standard form.
Step 7 :Substitute a, b, and c into the equation: \(\frac{x^2}{a^2} + \frac{y^2}{b^2} = 1\), we get \(\frac{x^2}{8.06225774829855^2} + \frac{y^2}{7^2} = 1\).
Step 8 :Simplify the equation to get the final answer: \(\boxed{\frac{x^2}{65.0} + \frac{y^2}{49} = 1}\).