bit(binary digit) is for binary numbers with base 2
7 digit decimal number with base 10
1 digit for sign of exponent
1 digit for magnitude of exponent
1 digit for the sign of mantissa
so 7-3 = 4 digits are left for magnitude of mantissa
| sign of exp | sign of mantissa | magn of exponent |
So Largest number = 0 0 9 9 9 9 9( 0 denotes positive number)
smallest number = 1 1 0 0 0 0 0 ( 1 denotes negative sign )
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