Given:
There are given that the parent function:

Step-by-step explanation:
According to the concept:
The function reflected over the x-axis means, we need to multiply with a negative sign.
That means:

And,
Vertically shrinking by a factor of 1/2 means, multiply by 1/2 in the entire function:
So,

Then,
Translating 2 units up means, adding 2 in the entire function:
So,

Final answer:
Hence, the correct option is C.