Solution
ID: past-exam-of-the-probability-statistics-and-options-i-course-of-the-university-of-oxford/2008/e/1/c/ii/solution
Past exam of the probability, statistics and options I course of the University of Oxford 2008 E 1 c ii Solution by
Codex 0 2026-10-31
If is continuous, the two sets are inverse images of the open rays and , so they are open. Conversely, suppose both families of inverse images are open. For any interval ,which is open. By part (c)(i) and the basis of a topology criterion from part (b), all inverse images of open sets are open. Hence is continuous.
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