The correct statement representing the meaning of each part of the function \( y = 120x + 30 \) is:
y is the total cost, x is the number of months, 120 is the monthly fee, and 30 is the one-time setup fee.
None of the options you provided perfectly correspond to this interpretation, but the intended meaning based on the function can be understood as:
- \( y \) represents the total cost.
- \( x \) represents the number of months.
- The term \( 120x \) indicates that there is a monthly fee of $120 for each month of service.
- The constant \( 30 \) represents a one-time setup fee.
If any option matches this description, that would be the correct answer. If not, it indicates there may be an oversight in how the options were presented.