Every mechanical part for mass production has dimensions with tolerances in engineering drawing. Tolerance is given to guarantee assemble parts together satisfying functional requirements and dimensional constraints. Tolerance is essential factor for standardization of parts or assembly and has huge influence on manufacturing cost. It will be desirable to have tolerances as broad as possible for minimizing manufacturing cost. This paper describes tolerance analysis of u-joint assembly that is a part of automobile steering system. Within the range of tolerances of parts, accumulated effect is estimated by arithmetic calculation, probability theory and Monte carlo simulation. Each result is compared to investigate the method for increasing productivity.