Let $Y^2=f(X)$ be an Elliptic curve over a finite field $\mathbb{F}_p$ where $f(X)=X^3+aX+b$
In an undergraduate coursebook on an Applied Algebra course it states that "It is plausible to suggest that $f(X)$ will be a quadratic residue for approximately half of all the points $X \in \mathbb{F}_p$."
I know that exactly half of all non-zero elements of $\mathbb{F}_p$ are quadratic residues and hence only half will be of the form $Y^2 = f(X)$ for some quadratic residue $Y$. But how does this imply that $f(X)$ will be a quadratic residue for approximately half of all points $X$ in $\mathbb{F}_p$? Is it not possible to have more than 2 distinct elements (say $3$ elements in this example) $X$ in $\mathbb{F}_p$ such that for some $Y^2$ we have $Y^2 = f(s) = f(t) = f(u)$ for distinct $x,t,u \in \mathbb{F}_p$?
Let $E$ be an elliptic curve over $\Bbb{Q}$ with Weierstrass equation $$ y ^2 = x^3 + Ax +B $$ with $A, B \in \Bbb{Z}$.
Let $a(p) = p + 1 - \#E(\Bbb{F_p})$, where $p$ is prime and $$ E(\Bbb{F_p}) = \{ (x, y \in \Bbb{F}_p^2 \mid (x, y) \in E \} $$
By a theorem of Hasse and Weil (the statement of which can be found in Silverman-Tate's Rational Points on Elliptic Curves pg 110) we have that for every prime $p$, $$ | a(p) | \leq 2 \sqrt{p}. $$
If f(X) is a quadratic residue for half the elements in $\Bbb{F}_p^\times$ (the unit group of $\Bbb{F}_p$) we have that $\#E(p)= p + 1$ (since each residue would give you two solution for y and hence 2 points, and $0$ only gives you one). So we see by Hasse-Weil that the number of points in $E(\Bbb{F_p})$ is $p + 1 + \mbox{error term}$ where $\mbox{error term} \leq 2\sqrt{p}$. Thus it is plausible to guess that $f(X)$ is a residue in $\Bbb{F_p}$ approximately half the time.
However when looking at the actual number of points on an elliptic curve $E$ over a finite field $\Bbb{F_p}$, it is not the case in general. For instance as in this paper (Theorem 2.1) and this paper (Proposition 1 & 2).