If we specify a colour in the RGB space, there are $2^{24}$ different colours, as R, G and B are 8 bit numbers.
When a colour is converted to the HSV colour space (find the conversion formulas here for example), how many different values are possible for H, S and V?
Obviously, the total number of colours is equal in both spaces, as the conversion is a bijection. But how is the information distributed over the three dimensions of the HSV space?