# Precision Handling in Python Python is a high-level programming language that has a wide range of applications in software development and data science. One of the important features of Python is its ability to manage precision. Precision is the ability to represent numbers accurately and precisely, and in Python, it is handled by the `decimal` module. The `decimal` module in Python helps to handle numbers with a fixed number of decimal points. It allows users to specify the number of decimal points and helps to maintain precision during arithmetic operations. The module also supports `context` objects to manage precision in calculations. It also helps to format numbers according to the requirements, such as currency formatting. The `decimal` module is an important part of Python that helps developers and data scientists to manage precision during software development or data analysis. By using this module, developers can enhance their applications and data analysis with the ability to handle precision and numbers with a fixed number of decimal points. This can help ensure accuracy in the results and can help to prevent the introduction of errors due to the lack of precision.

: Precision handling in Python is a technique used to control the number of decimal places to which a number is rounded. In Python, this is accomplished using the `round()` function. **Sample Code** ``` # Set the number to be rounded number = 2.345 # Set the precision (number of decimal places) precision = 3 # Round the number to the specified precision rounded_number = round(number, precision) # Print the result print(rounded_number) # Output: 2.345 ```