Ranges of floating point datatype in C?

Question

I am reading a C book, talking about ranges of floating point, the author gave the table:

Type     Smallest Positive Value  Largest value      Precision
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Answer 1

These numbers come from the IEEE-754 standard, which defines the standard representation of floating point numbers. Wikipedia article at the link explains how to arrive at these ranges knowing the number of bits used for the signs, mantissa, and the exponent.