This is a second-order linear homogeneous differential equation. The characteristic equation is: \[ r^2 - 4 = 0 \] \[ r = \pm 2 \] Since the roots are real and distinct, the general solution is: \[ y = C_1 e^{2x} + C_2 e^{-2x} \] Verify: $y' = 2C_1 e^{2x} - 2C_2 e^{-2x}$, $y" = 4C_1 e^{2x} + 4C_2 e^{-2x}$. \[ y" - 4y = (4C_1 e^{2x} + 4C_2 e^{-2x}) - 4(C_1 e^{2x} + C_2 e^{-2x}) = 0 \] Option (1) is correct.