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.
- The number 00123456.78 has a precision of 8
- 123.45 has a precision of 5
- 1.2345 has also a precision of 5
Decimal and precision
|Precision|| Rounded to |
| Rounded to