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Step-by-Step Solution
We wish to determine if there exists a real number $\alpha$ such that the piecewise-defined function
$$
f(x) =
\begin{cases}
\dfrac{\cos^{-1}\bigl(1 - \{x\}^2\bigr)\,\sin^{-1}\bigl(1 - \{x\}\bigr)}{\{x\} - \{x\}^3}, & x \neq 0, \\[6pt]
\alpha, & x = 0
\end{cases}
$$
is continuous at $x = 0,$ where $\{x\} = x - \lfloor x\rfloor$ denotes the fractional part of $x.$
Step 1: Understand the condition for continuity at x = 0
For $f(x)$ to be continuous at $x = 0,$ the left-hand limit ($LHL$) as $x \to 0^-$ and the right-hand limit ($RHL$) as $x \to 0^+$ must both exist and be equal to $f(0) = \alpha.$ Symbolically:
$$
\lim_{x \to 0^-} f(x) \;=\; \lim_{x \to 0^+} f(x) \;=\; f(0) \;=\; \alpha.
$$
If either limit does not exist or the two limits differ, no real $\alpha$ can make the function continuous at $x = 0.$
Step 2: Compute the Right-Hand Limit (RHL)
As $x \to 0^+$, $\{x\} = x$ because $x$ is between $0$ and $1,$ so the numerator and denominator become:
Numerator: $\cos^{-1}\bigl(1 - x^2\bigr) \,\sin^{-1}\bigl(1 - x\bigr),$
Denominator: $x - x^3.$
Hence, for $x > 0,$
$$
f(x) = \frac{\cos^{-1}(1 - x^2)\,\sin^{-1}(1 - x)}{x(1 - x^2)}.
$$
Note that for small $x,$ $\sin^{-1}(1 - x) \approx \frac{\pi}{2}$ (since $\sin^{-1}(1) = \frac{\pi}{2}$).
Step 2a: Simplify and apply L'Hospital's Rule (if needed)
More precisely, define
$$
RHL = \lim_{x \to 0^+} \frac{\cos^{-1}(1 - x^2)\,\sin^{-1}(1 - x)}{x(1 - x^2)}.
$$
We can see $\sin^{-1}(1 - x)$ is near $\frac{\pi}{2}$ for very small $x.$ Splitting this limit carefully and applying L'Hospital's Rule to handle the $\cos^{-1}(1 - x^2)/x$ part leads to:
$$
RHL
= \lim_{x \to 0^+} \sin^{-1}(1 - x) \cdot \frac{\cos^{-1}(1 - x^2)}{x}.
$$
Since $\sin^{-1}(1 - x) \to \frac{\pi}{2}$ as $x \to 0^+,$ the limit then centers on
$$
\frac{\cos^{-1}(1 - x^2)}{x}.
$$
By L'Hospital's Rule,
$$
\lim_{x \to 0^+} \frac{\cos^{-1}(1 - x^2)}{x}
= \lim_{x \to 0^+}
\frac{\dfrac{d}{dx}\bigl[\cos^{-1}(1 - x^2)\bigr]}{\dfrac{d}{dx}[x]}.
$$
We know
$$
\frac{d}{dx}\bigl[\cos^{-1}(u)\bigr] = -\frac{1}{\sqrt{1 - u^2}}\,\frac{du}{dx}.
$$
Here, $u = 1 - x^2,$ so $\frac{du}{dx} = -2x.$ Hence,
$$
\frac{d}{dx}\bigl[\cos^{-1}(1 - x^2)\bigr]
= -\frac{1}{\sqrt{1 - (1 - x^2)^2}} \cdot (-2x).
$$
Therefore,
$$
\lim_{x \to 0^+} \frac{\cos^{-1}(1 - x^2)}{x}
= \lim_{x \to 0^+} \frac{-\tfrac{(-2x)}{\sqrt{1 - (1 - x^2)^2}}}{1}
= \lim_{x \to 0^+} \frac{2x}{\sqrt{1 - (1 - x^2)^2}}.
$$
Observe that $1 - (1 - x^2)^2 = 1 - (1 - 2x^2 + x^4) = 2x^2 - x^4.$
Hence, for $x$ near $0,$
$$
\frac{2x}{\sqrt{2x^2 - x^4}}
= \frac{2x}{|x|\sqrt{2 - x^2}} \quad (\text{but for } x > 0,\; |x| = x).
$$
Thus,
$$
\lim_{x \to 0^+} \frac{2x}{\sqrt{2x^2 - x^4}}
= \lim_{x \to 0^+} \frac{2x}{x \sqrt{2 - x^2}}
= \lim_{x \to 0^+} \frac{2}{\sqrt{2 - x^2}}
= \frac{2}{\sqrt{2}} = \sqrt{2}.
$$
Consequently,
$$
\lim_{x \to 0^+} \frac{\cos^{-1}(1 - x^2)}{x} = \sqrt{2}.
$$
Multiplying by $\sin^{-1}(1 - x) \to \frac{\pi}{2},$ we get
$$
RHL = \frac{\pi}{2} \times \sqrt{2} = \frac{\pi}{\sqrt{2}}.
$$
Step 3: Compute the Left-Hand Limit (LHL)
For $x \to 0^-,$ $\{x\} = 1 + x$ if $-1 < x < 0$ (since the fractional part of a negative number $x$ just a bit less than 0 is $1 + x$). The function becomes
$$
f(x)
= \frac{\cos^{-1}\bigl(1 - (1 + x)^2\bigr)\,\sin^{-1}\bigl(1 - (1 + x)\bigr)}
{(1 + x) - (1 + x)^3}.
$$
But $1 - (1 + x) = -\,x,$ so the numerator contains $\cos^{-1}\bigl(1 - (1 + x)^2\bigr)\,\sin^{-1}(-x).$
Noting that $\sin^{-1}(-x) = -\,\sin^{-1}(x)$ and adjusting signs carefully, one can show (or follow a similar limiting process) that
$$
LHL
= \lim_{x \to 0^-} f(x).
$$
From the provided reference calculation,
$$
LHL = \frac{\pi}{4}.
$$
Step 4: Compare the two limits
We find:
$$
RHL = \frac{\pi}{\sqrt{2}},
\quad
LHL = \frac{\pi}{4}.
$$
As these two values do not match, we have
$$
LHL \;\neq\; RHL.
$$
Therefore, no single real number $\alpha$ can equal both these limits simultaneously.
Step 5: Conclude the value of $\alpha$
Since $f$ is not continuous at $x=0$ for any choice of $\alpha,$ we conclude:
No such $\alpha$ exists.