Single Precision is a computer data format used to represent floating-point numbers. It typically uses 32 bits, which are divided into three parts: 1 bit for the sign, 8 bits for the exponent, and 23 bits for the fraction (or mantissa). This format allows for a wide range of values, making it useful in various applications like graphics and scientific calculations. The main advantage of Single Precision is its balance between range and memory usage. While it can represent many numbers, it has limitations in precision compared to Double Precision, which uses 64 bits. This makes Single Precision suitable for tasks where memory efficiency is crucial.