Double precision refers to a computer number format that uses 64 bits to represent floating-point numbers, allowing for greater accuracy and a wider range of values compared to single precision, which uses 32 bits. This format is crucial in scientific computing as it enables more precise calculations and reduces the risk of errors caused by rounding. The additional bits in double precision provide the capacity to represent very large or very small numbers, which is essential in various applications such as simulations and data analysis.
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