Answer:
68%
Explanation:
It is given that the diameters of bearing have a normal distribution.
Mean = u = 1.2 cm
Standard deviation =
= 0.03 cm
We have to find the proportion of values which falls in between 1.17 to 1.23
In order to find this we have to convert these values to z-scores first. The formula to calculate z score is:

For 1.17:

For 1.23:

So, we have to tell what proportion of values fall in between z score of -1 and 1. Since the data have normal distribution we can use empirical rule to answer this question.
According to the empirical rule:
68% of the values fall within 1 standard deviation of the mean i.e. 68% of the values fall between the z score of -1 and 1.
Therefore, the answer to this question is 68%