Which of the Following Statements Is (Are)true with Respect to a Joint-And-Survivor

question 42

Multiple Choice

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

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Definitions:

Confidence Interval

A spectrum of values obtained from sample statistics, which is probable to encompass the value of an unidentified population parameter.

Population Parameter

A numerical characteristic or feature of an entire population, such as its mean or standard deviation.

Sampling Distributions

The distribution likelihood of a statistical value gathered from multiple samples from a given population.

Consistent Estimator

An attribute of an estimator indicating that as the sample size increases, the estimates it produces converge in probability to the parameter being estimated.