Answer:
The density of the ring is:

This means the ring could very well be made of gold, but it is very unlikely that it is made of brass.
Step-by-step explanation:
For a quantity f(x,y) that depends on other quantities (in this case two) x and y, the error is given by:

where 
 and
 and 
 are the standard deviations on errors of the variables
 are the standard deviations on errors of the variables 
 and
 and 
 .
.
In our case 
 where
 where 
 is the mass and
 is the mass and 
 is the volume.
 is the volume.
Knowing that 
 and
 and 
 we can estimate the error on the density
 we can estimate the error on the density

 (values were directly plugged)
 (values were directly plugged)
The density is by using the given values

The density with error is given by

Which means it could go as high as 20.5 or as low as 14.5, Meaning that the ring could very well be made of gold, but it is very unlikely that it is made of brass.