which means "1.1030402 times 1 followed by 5 zeroes". We have a certain numeric value (1.1030402) known as a "significand", multiplied by a power of 10 (E5, meaning 105 or 100,000), known as an "exponent". If we have a negative exponent, that means the number is multiplied by a 1 that many places to the right of the decimal point.