Calculators can provide precise answers up to 15 decimal places, but they are prone to floating point errors beyond that limit. The accuracy of a calculator's output depends on the context in which it is used, as it lacks the contextual understanding that a human has. For example, when dividing 1 by 3, a calculator will return a long decimal, but it does not differentiate between numerical values and measurements, which can lead to misunderstandings in interpretation.