Standard Diameter of the bolt = 0.35 inches
Allowable deviation from the standard diameter = 5%
Minimum allowable diameter = Standard Diameter - Deviation
So,
Minimum allowable diameter = 0.35 - 0.05(0.35) = 0.3325 inches
Since the value 0.33 inches is lesser than the minimum allowable diameter , the bolt with diameter of 0.33 inches should not go into package.