Solution

ID: past-exam-of-the-probability-statistics-and-options-i-course-of-the-university-of-oxford/2008/e/1/c/ii/solution

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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