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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.
The "decimal" data type of the C# and Python programming languages, and the decimal formats of the IEEE 754-2008 standard, are designed to avoid the problems of binary floating-point representations when applied to human-entered exact decimal values, and make the arithmetic always behave as expected when numbers are printed in decimal.
The standard defines five basic formats that are named for their numeric base and the number of bits used in their interchange encoding. There are three binary floating-point basic formats (encoded with 32, 64 or 128 bits) and two decimal floating-point basic formats (encoded with 64 or 128 bits).
A floating-point variable can represent a wider range of numbers than a fixed-point variable of the same bit width at the cost of precision. A signed 32-bit integer variable has a maximum value of 2 31 − 1 = 2,147,483,647, whereas an IEEE 754 32-bit base-2 floating-point variable has a maximum value of (2 − 2 −23) × 2 127 ≈ 3.4028235 ...
To approximate the greater range and precision of real numbers, we have to abandon signed integers and fixed-point numbers and go to a "floating-point" format. In the decimal system, we are familiar with floating-point numbers of the form (scientific notation): 1.1030402 × 10 5 = 1.1030402 × 100000 = 110304.02. or, more compactly: 1.1030402E5
The number 123.45 can be represented as a decimal floating-point number with the integer 12345 as the significand and a 10 −2 power term, also called characteristics, [11] [12] [13] where −2 is the exponent (and 10 is the base). Its value is given by the following arithmetic: 123.45 = 12345 × 10 −2.
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A decimal floating-point number can be encoded in several ways, the different ways represent different precisions, for example 100.0 is encoded as 1000×10 −1, while 100.00 is encoded as 10000×10 −2. The set of possible encodings of the same numerical value is called a cohort in the standard. If the result of a calculation is inexact the ...