A computer system uses 8 bits to represent floating-point values. The 8 bits are organised as follows: The first bit is a sign bit (0 for positive, 1 for negative). The middle 3 bits are the exponent, which uses bias of 3. The last 4 bits are the significand, which is normalised in the same way as the significand is normalised in IEEE-754 formats. The format does not reserve any special values. The following arithmetic operation is performed on this system: 00011000 x 11000110 The result is then stored in the same 8-bit floating-point format. What is the relative error of the stored result comapred to the value of the result of the arithmetic operation? Answers are rounded to 5 decimal places.

a. 0.97865%

b. None of the other answers.

c. 0%

d. 0.03125%

e. 0.03030%