Based on the engineering analysis, the relationship between the voltages of the output and adjust pins of LM1117 when in normal operation is "the LM1117 adjustable version establishes a 1.25V reference voltage, (VREF) between the output and the adjust terminal."
The LM1117 generally has a 1.2V at 800mA of load current.
The LM1117 is known to be a progression of low dropout linear voltage regulators. It is adjustable and be assigned between the output voltage of 1.25 to 13.8 V using just two external resistors.
Hence, in this case, it is concluded that the correct answer is "the LM1117 adjustable version establishes a 1.25V reference voltage, (VREF), between the output and the adjust terminal.
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