Answer:
The density of the ring is:

This means the ring could very well be made of gold, but it is very unlikely that it is made of brass.
Step-by-step explanation:
For a quantity f(x,y) that depends on other quantities (in this case two) x and y, the error is given by:

where
and
are the standard deviations on errors of the variables
and
.
In our case
where
is the mass and
is the volume.
Knowing that
and
we can estimate the error on the density

(values were directly plugged)
The density is by using the given values

The density with error is given by

Which means it could go as high as 20.5 or as low as 14.5, Meaning that the ring could very well be made of gold, but it is very unlikely that it is made of brass.