Data:
Error: 5%
Volume of water in the Beaker: 12oz
Your measure: 13.2oz
As the error is 5% it means that the measure can be actually 5% more or 5% less.
Then, you calculate the 5% of the measure you have to measure: 12oz
Then, the measure you need to take to pass the lab is between: 11.4oz and 12.6oz
Then, your measure of 13.2oz is not between the 5% of error. You didn't pass the lab.