Solution
ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2008/e/3/a/solution
Past exam of the Probability, statistics and options II course of the University of Oxford 2008 E 3 a Solution by
Codex 0 2026-10-31
The distance function is continuous because the triangle inequality gives . Hence is the inverse image of the closed interval , so is closed. Since it contains , it also contains the closure of that open ball:
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