Differentiate Between Precision and Accuracy.

Aspect Precision Accuracy
Definition Precision refers to how consistent or repeatable measurements are, regardless of how close they are to the true value. Accuracy refers to how close a measured value is to the true or accepted value.
Focus Focuses on the repeatability of measurements. Focuses on how close the measurements are to the true value.
Measurement Consistency Measurements are consistent and close to each other, but not necessarily near the true value. Measurements are close to the true value, but not necessarily consistent.
Example A dartboard example: If a person throws five darts, and they all land in the same spot but far from the bullseye, they are precise but not accurate. If the five darts land near the bullseye (true value), but not necessarily in the same spot, they are accurate but not necessarily precise.
Error Type The error is random (fluctuating with each measurement), but the readings are still tightly grouped together. The error is systematic (consistently deviates from the true value).
Impact of Repeated Measurements Repeated measurements will give very similar results, even if those results deviate from the true value. Repeated measurements will vary, but the average will be close to the true value.
Use Case Precision is important when consistency in measurements is critical (e.g., manufacturing processes). Accuracy is important when the correctness of measurements is critical (e.g., scientific experiments).