Answer : The bolt should not go in the package.
Step-by-step explanation :
To calculate the percentage error, we use the equation:
![\%\text{ error}=\frac{|\text{Experimental value - Accepted value}|}{\text{Accepted value}}* 100](https://img.qammunity.org/2019/formulas/chemistry/middle-school/4ak2mt1dp1iiezqxlh2m3gbps77cm0u0uo.png)
We are given:
Experimental value of diameter of bolt = 0.33 inch
Accepted value of diameter of bolt = 0.35 inch
Putting values in above equation, we get:
![\%\text{ error}=(|0.33-0.35|)/(0.35)* 100\\\\\%\text{ error}=5.71\%](https://img.qammunity.org/2019/formulas/mathematics/high-school/1lf5uh99ggbxtbcztszemb2sa9jgcxcytg.png)
As we are given that the percent error must be less than 5%.
As the percent error is 5.71% which is greater than 5%, that means the bolt cannot be in the package.
Hence, the bolt should not go in the package.