The equation m = k√(l1 * l2) relates to the mutual inductance (m) between two inductors or coils, where k is the coupling coefficient, and l1 and l2 are the self-inductances of the individual coils. This formula shows how the mutual inductance is influenced by both the self-inductances of the coils and their coupling, providing insight into the behavior of magnetically coupled circuits. Understanding this equation is crucial in analyzing energy transfer and magnetic field interactions between coils in various electrical applications.