To find the equation of Nolan’s line, we know two things: the y-intercept and the slope.
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The y-intercept is at the point \( (0, 3) \), which means that when \( x = 0 \), \( y = 3 \). This tells us that the constant \( b \) in the slope-intercept form \( y = mx + b \) is 3.
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The slope of the line is 2, which means \( m = 2 \).
Using the slope-intercept form, we can substitute in the values we have:
\[ y = mx + b \] \[ y = 2x + 3 \]
Thus, the equation representing Nolan's line is:
\[ \boxed{y = 2x + 3} \]