Answer: Single precision
Explanation:
A 1-bit sign, 8-bit exponent, 23-bit fraction and a bias of 127 is used for the single precision binary floating point representation. As, single precision is the smallest change that can be represented as floating point representation is called as precision. It is the computer format number, which occupies 32 bits in the computer memory.
The IEEE standard specify a binary 32 as:
Sign bit- 1 bit
Exponent width- 8 bits
Significant and precision- 24 bits (23 stored as explicitly)