For the parabola

i) State the direction of the parabola.

Up, because 2 is positive?

ii) State whether the y value is a min or a max.

Is this referring to the y value in part iii)?

iii) Find the vertex, then state the min or max value by using

What I'm not getting is the way this question is written. For iii), I got a vertex of (5/4, -1/2). What does it mean by state the min or max value for y? I guess it would be -1/2?