Which of the following statements is (are) true with respect to a joint-and-survivor annuity?

I. Some joint-and-survivor annuities reduce the income payment after the first annuitant dies.
II. No payments are made after the first annuitant dies
A) I only
B) II only
C) both I and II
D) neither I nor II

Answer: A

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A) It does not provide a basis of comparing the level of O1 to what would happen when X was absent. B) There is no random assignment of test units. C) Both A and B are correct. D) In this design, a group of test units is measured twice.

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