the answer is 0 000 01. how did we get there? solve from 1/16 to get this binary representation. im mostly confused on the part where E=-4, bias = 3 and e= 3+-4=-1.

Consider a new floating point format that follows the IEEE spec, except with k=3 exponent bits, n=2 mantissa bits, s=1 sign bit. represent 1/16 as a binary representation