Suppose that a manufacturing specification of a dimension is 1.0 ± 0.05. The permissible range of variation from 0.95 to 1.05 is called the tolerance.

Name: Suppose that a manufacturing specification of a dimension is 1.0 ± 0.05. The permissible range of variation from 0.95 to 1.05 is called the tolerance.
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Quizplus · Accepted Answer

This is true. The tolerance is the allowable range of variation from the nominal dimension, which in this case is 1.0, and it is stated as 0.05 above and below the nominal dimension.

Suppose That a Manufacturing Specification of a Dimension Is 1