The formula for the slope \( b \) of the linear regression line is:
\[
b = \frac{n\sum{xy} - \sum{x}\sum{y}}{n\sum{x^2} - (\sum{x})^2}
\]
where \( n \) is the number of data points. From the data, we calculate the necessary sums:
\[
\sum{x} = 5 + 2 + 4 + 3 = 14, \sum{y} = 16 + 10 + 13 + 12 = 51.
\]
\[
\sum{xy} = (5 \times 16) + (2 \times 10) + (4 \times 13) + (3 \times 12) = 80 + 20 + 52 + 36 = 188.
\]
\[
\sum{x^2} = 5^2 + 2^2 + 4^2 + 3^2 = 25 + 4 + 16 + 9 = 54.
\]
Now, substituting into the formula for \( b \):
\[
b = \frac{4 \times 188 - 14 \times 51}{4 \times 54 - 14^2} = \frac{752 - 714}{216 - 196} = \frac{38}{20} = 1.9.
\]
Thus, the coefficient \( b \) is \( \boxed{1.9} \).