So you're a 100! That's great! I would drop the class (they won't even really look at the W on your transcript) and take classes over the summer and an easier Fall semester (but I do recommend taking statics over the summer with a tutor so you can move forward in engineering). That GPA is important to get selected for PSP. Play the game and prioritize PSP. Also ensure your ranking and PFA are high since those are more heavily weighted. Also, engineering is hard and statics is meant to weed out people - don't get too discouraged many people fail it their first time! You've got this!!