Final answer:
The percent error is calculated to determine if a bolt should go into the package.
Step-by-step explanation:
The percent error can be calculated using the formula:
Percent Error = (|Measured Value - Accepted Value| / Accepted Value) x 100%
In this case, the accepted value is 0.45 inch and the measured value is 0.42 inch. Plugging these values into the formula, we get:
Percent Error = (|0.42 - 0.45| / 0.45) x 100% = 6.67%
Since the percent error is less than 7%, the bolt should go into the package.