For the simple reason that the 'places' in a binary number represent multiples of 2, rather than 10. Therefore, a binary '10' = a decimal '2.'
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To achieve the answer to what the decimal equivalent of the largest binary number with five places (or bits) is, work this equation: The formula is 2_ -1 where n is the number of bits. That will get you where you need to be.
At first sight this looks as if it already is binary. If you need something to be converted from one base to another you need to tell us what base it's in now and what you would like it to be converted to.
A product is a binary operation: you need 2 (or more) numbers in order for there to be a product.
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Product (or multiplication) is a binary operator which means that you cannot have a product for only one number; you need two.