Precision =/ Accuracy
3.14 Accurate, but not precise
3.887897894536748645 Precise, but not accurate
3.141592653589793238 Accurate, and precise
No.
A better explanation is this;
you have a battery, across it is a 1meg resistor, the battery was charged to a perfect 5v at the beginning of each meter connection
you connect your multimeter
you read 5 measurements, these are your readings;
5.0003
4.9997
5.0004
4.9996
5.0000
you connect another meter
you read 5 measurements, these are your readings;
5.0014
5.0014
5.0012
5.0012
5.0013
you connect another meter
you read 5 measurements, these are your readings
5.00315
5.00312
5.00313
5.00310
5.00308
you connect another meter
you read 5 measurements, these are your readings
5.00029
5.00014
5.00003
5.00013
4.99985
you connect another meter
you read 5 measurements, these are your readings
5.00000
4.99999
4.99998
4.99997
4.99996
The first meter is accurate, its readings are closer to the real value, so averaging will give you a closer value to the real value.
The second meter is precise, its readings are relatively close to each other, meaning it will give you repeatable results, its error can be "calibrated" to give you a value closer to the real value.
The third meter is of higher resolution and precise, its readings are relatively close to each other, meaning it will give you repeatable results, it's extra resolution makes it easier to detect smaller changes in value, its error can be "calibrated" to give you a value closer to the real value.
The fourth meter is of higher resolution and accurate, its readings are closer to the real value, so averaging will give you a closer value to the real value, it's extra resolution makes it easier to detect smaller changes in value.
The final meter is of higher resolution, accurate, and precise, its readings are very close to the actual value, they are repeatable, and it's extra resolution makes it easier to detect smaller changes in value.