The equation \( y = \frac{k}{x} \) represents a hyperbola, where the shape of the graph depends on the sign of the constant \( k \). If \( k > 0 \), the graph has two branches, one in the first quadrant and the other in the third quadrant. If \( k < 0 \), the branches are located in the second and fourth quadrants.
Given these characteristics, we can analyze the provided options:
- Option A describes a parabola, which does not fit the equation \( y = \frac{k}{x} \).
- Option D also does not represent \( y = \frac{k}{x} \), as it suggests a curve that opens up and left.
- Option B mentions curves in quadrants 1 and 2 with horizontal asymptotes, which does not match the format of a hyperbola defined by \( y = \frac{k}{x} \).
- Option C describes a curve that opens right in quadrants 1 and 4, which also does not match the hyperbolic nature of \( y = \frac{k}{x} \).
- Option E correctly describes a hyperbola with one curve in quadrant 2 and another in quadrant 4, asymptotic to the x-axis and y-axis, which fits the behavior of the graph of \( y = \frac{k}{x} \) where \( k \) can be either positive or negative.
Therefore, the correct answer is:
E. On a coordinate plane, a hyperbola with center at the origin has a curve in quadrant 2 and a curve in quadrant 4. One curve is asymptotic to the negative x-axis and the positive y-axis. The other curve is asymptotic to the positive x-axis and the negative y-axis.