Solution

ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2010/e/e4/a/i/solution

A subset is compact if every cover of by sets open in the ambient space has a finite subcover. Equivalently, every relatively open cover of the subspace has a finite subcover. These agree because relatively open sets are intersections with ambient open sets.

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