Accuracy refers to how close a measured value is to the actual or true value, while precision refers to the reproducibility of measurements and how close repeated measurements are to each other. Accuracy depends on simple analysis techniques and can be improved, whereas precision depends on many factors and sophisticated techniques and cannot be improved. Precision is necessary for accuracy but accuracy is not sufficient for precision. Factors that can affect precision and accuracy include standards, workpieces, instruments, persons performing measurements, and environmental conditions like temperature, pressure, and vibrations.