When programming, nowadays you typically write in a high-level language such as C or Java, your compiler breaks it down into assembly language (MIPS, x86, etc.) and then assembles it into machine language (binary) which your processor can natively interpret.
This is one instruction that a MIPS processor would be able to interpret and execute. The question is asking you to translate this back into MIPS assembly language. You should definitely have a MIPS instruction reference to assist you with this. Here's a good one if you don't have one:
http://www.d.umn.edu/~gshute/spimsal/talref.html#rtype
(Hint: The instruction we're looking at now is an R-Type instruction, meaning it is an instruction that operates directly on registers, without using immediate values.)
If you look at the top table, it breaks down a MIPS R-type instruction. The first 6 bits are the opcode. You'll notice the first 6 bits of your instruction are 0, that's because all R-type instructions have 000000 for the opcode, and the processor knows what instruction it's dealing with by using the FUNCT field, which is how we know "slt" is the instruction we're looking at (see reference).
All you really need now is to know which register names map to which register numbers (ie.register 8 might be $t0). Here's a reference for that:
http://logos.cs.uic.edu/366/notes/mips%20quick%20tutorial.htm