m 1 : A hypothetical computer stores 8 bits of information. The first bit is used for the sign of the number, the second bit is used for the sign of the exponent, two bits are used for the magnitude...

m₁:

 A hypothetical computer stores 8 bits of information. The first bit is used for the sign of the number, the second bit is used for the sign of the exponent, two bits are used for the magnitude of the exponent and four bits are used for magnitude of the mantissa.

What is the largest number that can be represented?