What Is the Largest Value That Can Be Represented in a Floating-Point

question 48

Short Answer

What is the largest value that can be represented in a floating-point system in which each value is encoded by a byte whose most significant bit is the sign bit,the next three bits represent the exponent field in excess notation,and the last four bits represent the mantissa?
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Definitions:

Straight-Line Method

A depreciation method that allocates an equal portion of the cost of a fixed asset to each accounting period over its useful life.

Amortization

The process of gradually reducing the cost of an intangible asset through scheduled periodic payments over its useful life.

Annual Interest Expense

Annual Interest Expense refers to the total cost incurred by an entity over a fiscal year for borrowing funds, encompassing interest payments on loans, bonds, and other forms of debt.

Semiannually

Occurring or done twice a year, typically every six months.