The particle's position as a function of time is parameterized by the ordered pair of functions

, with

If we differentiate both sides of this equation with respect to time

, we have

where the derivatives of

and

represent change in horizontal and vertical position, respectively, over time. In other words, these are the particle's horizontal/vertical velocities.
We're told that the horizontal velocity at a certain point in time - namely, when the particle's position is (1, -2) - is 3 ft/s, which is to say that at some time

, we have

In other words, under the given conditions, the particle has a downward vertical velocity of 3 ft/s.