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	<title>Jean-Michel Philippon-Nadeau&#039;s blog &#187; precision</title>
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	<description>My thoughts and philosophies on management, entrepreneurship and technology.</description>
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		<title>Do not confuse precision with accuracy</title>
		<link>http://jmpnadeau.ca/management/do-not-confuse-precision-with-accuracy/</link>
		<comments>http://jmpnadeau.ca/management/do-not-confuse-precision-with-accuracy/#comments</comments>
		<pubDate>Fri, 30 Jul 2010 21:15:57 +0000</pubDate>
		<dc:creator>Jean-Michel</dc:creator>
				<category><![CDATA[Management]]></category>
		<category><![CDATA[Random thoughts]]></category>
		<category><![CDATA[accuracy]]></category>
		<category><![CDATA[estimates]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[precision]]></category>

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		<description><![CDATA[It&#8217;s easy to fall in the trap. Precise numbers help others trust that you are accurate. However, precision is not accuracy. Someone can say, &#8220;Your package will arrive in 5 days, 2 hours and 15 seconds.&#8221;. That is pretty precise, &#8230; <a href="http://jmpnadeau.ca/management/do-not-confuse-precision-with-accuracy/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s easy to fall in the trap. Precise numbers help others trust that you are accurate.</p>
<p>However, precision is not accuracy. Someone can say, &#8220;Your package will arrive in 5 days, 2 hours and 15 seconds.&#8221;. That is pretty precise, but it may not be accurate. On the other side, &#8220;Your package will arrive in 5 days.&#8221; is not very precise, but it can be accurate.</p>
<p>An accurate answer or estimate is, most of the time, more precious than a precise one.</p>
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