: 123.45 = 0.12345 × 10⁺³.

Schmid called this representation with a significand ranging between 0.1 and 1.0 the true normalized form.

The hidden bit in floating point

For a normalized number, the most significant digit is always non-zero. When working in binary, this constraint uniquely determines this digit to always be 1. As such, it is not explicitly stored,

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