Overflow or underflow for floating point numbers, Computer Engineering

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In floating point numbers when so you say that an overflow or underflow has occurred?

Ans:

A) In single precision numbers when an exponent is less than +127 then we say that an overflow has occurred.

B)In single precision numbers when an exponent is less than -126 then we say that an underflow has occurred

Give the IEEE standard for floating point numbers for double precision number?

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