Are 'accuracy' and 'precision' interchangeable nouns?

Solution 1:

The Wikipedia article explains the difference in the best way possible:

In the fields of science, engineering, industry and statistics, the accuracy of a measurement system is the degree of closeness of measurements of a quantity to that quantity's actual (true) value. The precision of a measurement system, also called reproducibility or repeatability, is the degree to which repeated measurements under unchanged conditions show the same results. Although the two words can be synonymous in colloquial use, they are deliberately contrasted in the context of the scientific method.

High accuracy, but low precision:

High precision, but low accuracy:

Solution 2:

3.14 is accurate, 3.1111111111111111 is precise, 3.14159265 is both