Assume $f$ has a finite derivative and $|f'(x)| \leq y < 1$ for all $x \in (a,b)$
$f$ is continuous and $a \leq f(x) \leq b$ for all $x \in [a,b]$. Prove $f$ has a unique fixed point in $[a,b]$.
So far I have for every c in (a,b) |f'(c)| ≤ y
=> lim x->c |f(x) - f(c)|/|x-c| ≤ y
=> lim x->c |f(x) - f(c)| ≤ y lim x->c |x-c|
Would that be the definition of a contractive map in R?
Therefore by Banach Fixed Point Theorem, f has a unique fixed point.
Can I prove Banach's theorem using the mean value theorem?
No, this is just the statement that $f$ is continuous at $c$, because the right-hand side is $0$. The fixed point theorem will apply, but to show that $f$ is contractive you will want to use the mean value theorem. Suppose that $a\leq z\lt x\leq b$. By the mean value theorem, there is a $c$ in $(z,x)$ such that $f'(c)=\frac{f(x)-f(z)}{x-z}$. Apply absolute values, rearrange, and use the hypothesis on the derivative to conclude that $f$ is contractive.