What does the term 'decimal place' refer to?

The term 'decimal place' specifically refers to the position of numbers to the right of the decimal point. It indicates the fractional value of the number, with each position representing a power of ten. For example, in the number 0.456, '4' is in the first decimal place (tenths), '5' is in the second decimal place (hundredths), and '6' is in the third decimal place (thousandths). Understanding decimal places is essential for interpreting and performing calculations with decimal numbers, as it helps in determining their magnitude and value accurately.