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Example: the decimal number () = (¯) can be rearranged into + ⏟ … Since the 53rd bit to the right of the binary point is a 1 and is followed by other nonzero bits, the round-to-nearest rule requires rounding up, that is, add 1 bit to the 52nd bit.
So a fixed-point scheme might use a string of 8 decimal digits with the decimal point in the middle, whereby "00012345" would represent 0001.2345. In scientific notation, the given number is scaled by a power of 10, so that it lies within a specific range—typically between 1 and 10, with the radix point appearing immediately after the first ...
The above describes an example 8-bit float with 1 sign bit, 4 exponent bits, and 3 significand bits, which is a nice balance. However, any bit allocation is possible. A format could choose to give more of the bits to the exponent if they need more dynamic range with less precision, or give more of the bits to the significand if they need more ...
Huberto M. Sierra noted in his 1956 patent "Floating Decimal Point Arithmetic Control Means for Calculator": [1] Thus under some conditions, the major portion of the significant data digits may lie beyond the capacity of the registers. Therefore, the result obtained may have little meaning if not totally erroneous.
Single precision is termed REAL in Fortran; [1] SINGLE-FLOAT in Common Lisp; [2] float in C, C++, C# and Java; [3] Float in Haskell [4] and Swift; [5] and Single in Object Pascal , Visual Basic, and MATLAB. However, float in Python, Ruby, PHP, and OCaml and single in versions of Octave before 3.2 refer to double-precision numbers.
The advantage over 8-bit or 16-bit integers is that the increased dynamic range allows for more detail to be preserved in highlights and shadows for images, and avoids gamma correction. The advantage over 32-bit single-precision floating point is that it requires half the storage and bandwidth (at the expense of precision and range).
For example, while a fixed-point representation that allocates 8 decimal digits and 2 decimal places can represent the numbers 123456.78, 8765.43, 123.00, and so on, a floating-point representation with 8 decimal digits could also represent 1.2345678, 1234567.8, 0.000012345678, 12345678000000000, and so on.
This alternative definition is significantly more widespread: machine epsilon is the difference between 1 and the next larger floating point number.This definition is used in language constants in Ada, C, C++, Fortran, MATLAB, Mathematica, Octave, Pascal, Python and Rust etc., and defined in textbooks like «Numerical Recipes» by Press et al.