A theorem of general topology states that:
A mapping $f$ from $X$ to $Y$ is continuous if and only if the inverse image of any open set in $Y$ is open in $X$.
Does this mean that continuous functions always have inverses?
A theorem of general topology states that:
A mapping $f$ from $X$ to $Y$ is continuous if and only if the inverse image of any open set in $Y$ is open in $X$.
Does this mean that continuous functions always have inverses?
On
A function $f: X\to Y$ is continuous if and only if $f^{-1}[U]\subset X$ is open in $X$ for every $U\subset Y$ open in $Y$.
Where: $f^{-1}[U]=\{x\in X : f(x)\in U\}$ - is the inverse image of $U$.
The inverse image is definable even if the function is not invertible.
For example $f(x)=x^2$, $f:\mathbb R\to\mathbb R$, then
$f^{-1}[(0,1)]=(-1,1)$.
On
There are several issues here. For any $f:X\to Y$, we can think of its inverse as a function not defined on $Y$ but rather on $\mathcal P(Y)$, the collection of subsets of $Y$, and taking values not on $X$ but on $\mathcal P(X)$. (So $f^{-1}$ is an example of a set valued function.)
As indicated in the other answers, this inverse function is given by $$f^{-1}[A]=\{x\in X\mid f(x)\in A\}$$ for any $A\subseteq Y$. If it happens that $f$ is injective then, letting $f(X)=\{f(x)\mid x\in X\}$, we have that for any $y\in f(X)$, $f^{-1}[\{y\}]=\{x\}$ for some unique $x\in X$ (that, of course, depends on $y$), and in that case we can think of $f^{-1}$ as an actual function from $f(X)$ to $X$, given by $f^{-1}(y)=x$ iff $f^{-1}[\{y\}]=\{x\}$ iff $f(x)=y$. (I agree the notation is not ideal and can be confusing when first encountered.)
A different issue is whether, in the presence of continuity, the function $f$ admits a genuine inverse. One immediately sees that this is not the case, as $f$ could be constant. OK. Let's change the question then. Assuming that $f$ is continuous and not constant in a neighborhood of $x\in X$, is there a neighborhood of $x$ (perhaps very small) where $f$ is $1$-$1$ and therefore invertible? Again, the answer is no, as $f(x)=x^2$ illustrates: This function is not invertible in any neighborhood of $0$. But $0$ is an extreme value (a local minimum). OK. So, we could change the question yet again, to: Assuming that $f$ is continuous, that $x\in X$, and that $x$ is not an extreme value of $f$, is there a neighborhood of $x$ where $f$ is invertible? Remarkably, the answer is still no. In fact, there are continuous functions $f:\mathbb R\to\mathbb R$ that are not constant in any interval and yet are not invertible in any interval so, even though any interval contains points that are not extreme values, $f$ is not $1$-$1$ in any neighborhood (see here).
What if we require more than continuity, say, what if we require that $f:\mathbb R^n\to\mathbb R^m$ is differentiable, and the derivative is "well-behaved"? Well, in that case we actually have some positive results, the most famous being the so-called inverse function theorem but the specific assumptions are somewhat technical. See this nice blog post by T. Tao for its statement and some variants.
Please convince yourself that following two concepts are Not same :
All you can say is
You can not even say that
P.S : I bet most of the students would get confused with this... way to go!!! :)