Final answer:
The statement that Y is inversely proportional to X when Y=120, X=2, and K=240 is false because the product of Y and X (240) does not match the given constant of proportionality, K (240).
Step-by-step explanation:
The statement 'Y is inversely proportional to X when Y=120, X=2, The constant of proportionality, K, is 240.' is false. In an inverse proportionality relationship, the product of the two variables results in a constant (k). Therefore, if Y is inversely proportional to X, then XY = K. So in this case, if X=2 and Y=120, the constant of proportionality K should be 240, but by multiplying Y and X, we get only 240. Therefore, the given constant value (K=240) is not equal with the product of Y and X (240), which shows the statement is incorrect.
Learn more about Inverse Proportionality