Was that last part a question?
I try to avoid being technical whenever possible - so I (personally) would call it 16-bit as to not confuse people.
But, then you get around the techies who insist upon using very accurate terminology. And would correct you and say that it is 15 bit and includes a signed bit.
When I give you the numbers from 0 to 65535 then from -32768 to 32767 it is easy to see that those are two entirely different ranges of numbers.
Yet, both represent 65536 different numbers. To the computer doing the processing it matters a great deal which format it is in. Signed 15 bit or unsigned 16 bit? It matters. But, the actual combinations still yield the same number of possible results. So, are you a programmer who cares about the details, or an end user who really doesn't care about the details and just wants to know how many values are really possible?
15 bit + 1 signed bit for you programmers.
16 bit for the rest of us sane people!