Final answer:
The function f(x) increases where f'(x) > 0, decreases where f'(x) < 0, and has points of inflection where f''(x) changes sign.
Step-by-step explanation:
Given the properties of the function's derivative f'(x), we can deduce the behavior of the original function f(x). Since f'(1) = f'(3) = 0 and f'(x) decreases on the interval (-∞, 2) and increases on the interval (2, +∞), the function f(x) has local minima at x = 1 and x = 3, and a local maximum at x = 2. Point x = 2 is also a point of inflection, as the behavior of f'(x) changes from decreasing to increasing. The function is concave up when f''(x) > 0, which occurs when f'(x) is increasing (i.e., on (2, +∞)), and concave down when f''(x) < 0, which is when f'(x) is decreasing (i.e., on (-∞, 2)).