Float() returns a floating-point number based on the argument passed; if no value given, it returns 0.0. Python float values are 64-bit double-precision, maxing at 1.8 X 10^308. Exceeding this results in 'inf' error.
Python offers four main data types: strings, integers, complex numbers, and floats. Integers include both signed and Boolean types, allowing for unlimited precision.
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