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Because you want the field to be large enough to store the data. Also, you may not want to have it too large if you know values are going to be in a small range. If you allocate a large amount of space, that will be used by each record, even when actual values are small, so it is more efficient to use the right sizes. So, in short, you choose the appropriate size to ensure you don't have too little or too much size allocated for your intended data.

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