False.
Accuracy refers to how close a measured value is to the true value, while precision refers to the consistency of repeated measurements. In this case, if the true temperature is 32°F but the thermometer reports it as 32.02°F, the thermometer is not accurate because it is not reporting the true value. It could be considered precise if it consistently reports similar measurements, but the lack of accuracy means the statement that the thermometer is both accurate and precise is false.