The accuracy of the floating point numbers representable in two 16 bit words of a computer is approximately A. 16 digits B. 6 digits C. 4 digits D. All of the above E. None of the above
This means that floating point numbers have between 6 and 7 digits of precision, regardless of exponent. That means that from 0 to 1, you have quite a few decimal places to work with. If you go into the hundreds or thousands, you've lost a few.