precision

Vocabulary Word

Definition

'Precision' refers to the detail or fineness of a measurement or result, indicating how closely a set of values come to each other. For example, a precise balance beam provides consistent weight measurements, no matter how many times an item is weighed.

Examples in Different Contexts

In data science, 'precision' denotes the number of true positives divided by the sum of true and false positives, reflecting the model's accuracy in making positive predictions. A data scientist might clarify, 'Optimizing precision is crucial when the cost of false positives is high, such as in spam detection algorithms.'

Practice Scenarios

Business

Scenario:

Our financial records seem to have discrepancies. We need to ensure we're consistent in our data.

Response:

I agree! Let's reassess our bookkeeping practices and ensure precision in our financial records.

Creative

Scenario:

Our design does not seem to convey the right message. We need to be precise with our detailing.

Response:

I think focusing on the finer elements will help. Let's put precision in every detail of our design.