(b) (4 points) The IEEE-754 single precision floating point standard uses a sign bit, an 8-bit exponent (with a bias of 127), and a 23-bit significand. The significand has an implied 1 to the left of the radix point (in the format 1.xxx... , where the 1. is implied). What are the smallest positive real number and the largest positive real number that can be represented in this format