Precision is the maximum number of significant digits (on either side of the radix point) in the fixed point notation
If a value exceeds the precision, then an application such as a database would return an error.
Precision | Rounded to significant figures | Rounded to decimal places |
6 | 12.3450 | 12.345000 |
5 | 12.345 | 12.34500 |
4 | 12.35 | 12.3450 |
3 | 12.3 | 12.345 |
2 | 12 | 12.35 |
1 | 10 | 12.3 |
0 | N/A | 12 |