The correct spelling of the phrase "am height" is actually "I'm height," with the contraction of "I am." The IPA transcription for "I'm" is /aɪm/, which is pronounced like the word "eye" followed by the sound "m." Meanwhile, the correct spelling of "height" is phonetically represented as /haɪt/, with the sound "h" followed by the vowel sound "ai" and the sound "t." It's important to pay attention to spelling and pronunciation in order to effectively communicate with others.