Question: Why do we like hexadecimal and octal to represent binary values like memory address in computer system designs? Hex and octal save more memory storage

Why do we like hexadecimal and octal to represent binary values like memory address in computer system designs?
Hex and octal save more memory storage than binary.
Hex and octal are efficient in electrical circuits
Hex and octal saves CPU instructions.
Hex and octal are more versatile and simpler than binary.

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