Precision refers to the degree of consistency or reproducibility of a measured value. It indicates how closely multiple measurements of the same quantity agree with each other. A highly precise measurement will have very little variability between individual measurements.
Example: Suppose you are measuring the length of an object using a ruler that is divided into millimeters. If you perform multiple measurements and consistently obtain values such as 10.2 mm, 10.3 mm, and 10.1 mm, the measurements are considered to be precise because they exhibit very little variation.
Accuracy describes how close a measured value is to the true or accepted value of a quantity. It indicates the absence of systematic errors or biases in the measurement process. An accurate measurement represents a small deviation from the true value.
Example: Let's say a standard reference length for an object is known to be 100.0 cm. If upon measuring the object using an accurate instrument, you obtain 99.8 cm, your measurement would be considered accurate because it is very close to the true value.
If you measure the length of an object repeatedly using a faulty ruler that is shifted by 2 mm, and consistently get 98 mm, 99 mm, and 100 mm, your measurements are precise (consistent with each other), but they are not accurate because they are systematically shifted from the true value.
If you measure the length of an object using a faulty ruler that randomly jumps within a range of 5 mm, and obtain values such as 90 mm, 106 mm, and 95 mm, your measurements are not precise (vary significantly), but the average value is close to the true value, making it accurate.
If you measure the voltage of a 12V battery and get a reading of 12.01 V, 12.00, 11.99 V. Your measurements are both accurate and precise. Each individual measurement is close to each other, and close to the true value of the battery (12V)
If you measure the voltage of a 12.00 V battery and get a reading of 13.3 V, 11.0 V , 14.2 V. Your measurements are neither accurate or precise. Each individual measurement is far apart from each other, and the average measurement is not close to the true value of the battery.
In summary, precision relates to the consistency of measurements, while accuracy relates to the correctness compared to the true or accepted value.