Randy, the slides showing difference on accuracy and precision are the best explanation I have seen on the subject. One related thing not covered, and often misunderstood is resolution, i.e. number of bits/digits. Maybe you could discuss in the chat session.
I did not resolution have on the slide but did mention that resolution (specifically for digital output sensors) is impacted by the number of bits of the A/D conversion. It is representative of precision for the digital sensor. The quantization error is reduced by increasing the bit rate and the cost goes up as well. For an analog sensor with a continuous output, precision is a little more straight forward.
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