PRECISION By N., Pam M.S. - April 7, 2013 noun. a gauge of correctness. With regard to statistics, an approximation with a minor standard error is though to have a high degree of precision. PRECISION: "The low degree of precision was irrelevant to the final results of the trial." Related Psychology Terms OUTLIER VALIDITY CONCLUSION VALIDATION SAMPLING ERROR PROOFREADER'S ILLUSION CORRECTION CONSTANT ERROR UNIVERSE AGE-APPROPRIATE MATURITY Cite this page: N., Pam M.S., "PRECISION," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/precision/ (accessed October 20, 2020).