Flipping Fractions

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I'm currently reading Differential Equations for Dummies, and this is what it says on pg 60.

I wasn't too sure whether "flipping fractions" still satisfy the equation, and I searched online (including this site), but it seems that most people say flipping fraction is not correct. At the same time, there does seem to be a specific method that allows you to "flip fractions" correctly. Could someone help me understand how? (i.e. how to get from the first eq shown to the second eq.)

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The thing that justifies this is the chain rule.

An example occurring in first-year calculus can illustrate this. Suppose you know that $$ \frac{dy}{dx} = \frac d{dx} \tan x = \sec^2 x = 1+\tan^2 x = 1+y^2. $$ $$ \frac{dy}{dx} = 1+y^2. $$ $$ \frac{dx}{dy} = \frac 1 {1+y^2}. $$ $$ \frac d{dy} \arctan y = \frac 1 {1+y^2}. $$ So how is this the chain rule? $$ x = \arctan y = \arctan(\tan x) \tag 1 $$ Differentiating both sides of $(1)$ yields $$ 1 = {} \overbrace{ \frac d{dx} \arctan y = \big(\arctan'y\big)\cdot \frac{dy}{dx} }^\text{chain rule} $$ Therefore $$ \frac 1 {dy/dx} = \arctan'y. $$

(And then $dy/dx = \sec^2 x = 1+\tan^2 x = 1+y^2.$)