And for Extra Credit
Do not confuse resolution with accuracy.
For example, an A-B Micrologix 1200 analog input card has an advertised resolution of 15 bits which translates to 1 part out of 32,768 (2^15 = 32,768) or ±0.003% (1 / 32,768 x 100).
The advertised accuracy of this same card is ±0.24% at 25°C/77°F. This includes offset, gain, non-linearity, and repeatability according to the A-B manual.
The accuracy for a typical good quality pressure transmitter - Foxboro - is ±0.20% including linearity, hysteresis, and repeatability.
So, just because you can get a lot of decimal places to display on your software it doesn't mean that all of them are actually conveying information. Just because one vendor's hardware has a higher resolution than another doesn't mean that your system will more accurately control the real world if you use that high resolution hardware!