We will use substitution to solve the system. First we solve the "easier" of the two equations (the second equation) for \(y\) to obtain
\begin{equation*}
y=\dfrac{2}{x}
\end{equation*}
We substitute \(\alert{\dfrac{2}{x}}\) for \(y\) in the first equation to find
\begin{equation*}
x^2 + (\alert{\dfrac{2}{x}})^2 = 5 ~~~~\text{or} ~~~~~ x^2 + \dfrac{4}{x^2}=5
\end{equation*}
This equation has only one variable, \(x\text{,}\) and we solve it by first clearing fractions. We multiply both sides by \(x^2\text{,}\) and then subtract \(5x^2\) to obtain
\begin{equation*}
x^4-5x^2+4=0
\end{equation*}
Then we factor the left side to get
\begin{equation*}
(x^2-1)(x^2-4)=0
\end{equation*}
and apply the zero-factor principle to find
\begin{equation*}
x^2-1 = 0 ~~~~ \text{or} ~~~~ x^2-4=0
\end{equation*}
We solve each of these equations to find
\begin{equation*}
x=1,~~ x=-1, ~~ x=2, ~~ \text{or} ~~ x=-2
\end{equation*}
Finally, we substitute each of these values into \(y=\dfrac{2}{x}\) to find the \(y\)-components of each solution. The intersubsection points of the two graphs are \((1,2),~ (-1,-2), ~ (2,1)\) and \((-2,-1)\text{.}\) The graph of the system is shown below.