Step 1: Understanding the Concept:
This problem requires the use of the section formula, which gives the coordinates of a point that divides a line segment into a given ratio.
Step 2: Key Formula or Approach:
The section formula for a point \(P(x, y)\) that divides the line segment joining \(A(x_1, y_1)\) and \(B(x_2, y_2)\) in the ratio \(m_1:m_2\) internally is:
\[ x = \frac{m_1x_2 + m_2x_1}{m_1 + m_2} \text{and} y = \frac{m_1y_2 + m_2y_1}{m_1 + m_2} \]
Step 3: Detailed Explanation:
Let the given points be \(A(x_1, y_1) = (-1, 7)\) and \(B(x_2, y_2) = (4, -3)\).
The ratio is \(m_1:m_2 = 2:3\).
So, \(m_1 = 2\) and \(m_2 = 3\).
Calculate the x-coordinate:
\[ x = \frac{(2)(4) + (3)(-1)}{2 + 3} = \frac{8 - 3}{5} = \frac{5}{5} = 1 \]
Calculate the y-coordinate:
\[ y = \frac{(2)(-3) + (3)(7)}{2 + 3} = \frac{-6 + 21}{5} = \frac{15}{5} = 3 \]
The coordinates of the point are (1, 3).
Step 4: Final Answer:
The coordinates of the point that divides the line segment are (1, 3).