bit is binary digital that holds only 0 or 1 value state true or false
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your statement is true
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One bit contains a single binary value — either a 0 or a 1. A byte contains eight bits, which means it can have 256 (28) different values. These values may be used to represent different characters in a text document, the RGB values of a pixel within an image file, or many other types of data.
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