Accuracy of a measured value refers to how close a measurement is to an accepted reference value. Precision of measured values refers to how close the agreement is between repeated measurements. Signi...Accuracy of a measured value refers to how close a measurement is to an accepted reference value. Precision of measured values refers to how close the agreement is between repeated measurements. Significant figures express the precision of a measuring tool. When performing mathematical operations with measured values, there are rules to standardize the precision of the final answer.