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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.
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.
With the example in view, a number of details can be discussed. The most important is the choice of the representation of the big number. In this case, only integer values are required for digits, so an array of fixed-width integers is adequate. It is convenient to have successive elements of the array represent higher powers of the base.
If a decimal string with at most 15 significant digits is converted to the IEEE 754 double-precision format, giving a normal number, and then converted back to a decimal string with the same number of digits, the final result should match the original string.
For example, the smallest positive number that can be represented in binary64 is 2 −1074; contributions to the −1074 figure include the emin value −1022 and all but one of the 53 significand bits (2 −1022 − (53 − 1) = 2 −1074). Decimal digits is the precision of the format expressed in terms of an equivalent number of decimal digits.
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).