How does the IEEE 754 standard impact the accuracy of floating-point calculations in PHP?

The IEEE 754 standard helps ensure consistency in floating-point calculations across different platforms. In PHP, using functions like round() and number_format() can help improve the accuracy of floating-point calculations by rounding numbers to a specified precision.

// Example of using round() function to improve accuracy of floating-point calculations
$number = 10.555;
$rounded_number = round($number, 2);
echo $rounded_number; // Output: 10.56