Step 1: Understanding the given function.
We are given that \( y = x^2 \). The question asks for \( \frac{dx}{dy} \), the derivative of \( x \) with respect to \( y \).
Step 2: Differentiation.
We begin by differentiating \( y = x^2 \) with respect to \( x \):
\[
\frac{dy}{dx} = 2x.
\]
Now, we need to find \( \frac{dx}{dy} \), which is the reciprocal of \( \frac{dy}{dx} \). Hence, we have:
\[
\frac{dx}{dy} = \frac{1}{\frac{dy}{dx}} = \frac{1}{2x}.
\]
Since \( y = x^2 \), we can substitute for \( x \) in terms of \( y \):
\[
x = \sqrt{y}, \quad \text{so} \quad \frac{dx}{dy} = \pm \frac{1}{2\sqrt{y}}.
\]
Step 3: Conclusion.
Thus, \( \frac{dx}{dy} = \pm \frac{1}{2\sqrt{y}} \), so the correct answer is (D) \( \pm \frac{1}{2 \sqrt{y}} \).