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A study was conducted at a local college to analyze the trend of average GPA of all students graduated from the college

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A study was conducted at a local college to analyze the trend of average GPA of all students graduated from the college. According to the Registrar, the average GPA for students with economics major from the class of 2016 is 3.5. The value 3.5 is:

(i) statistic

(ii) parameter

(iii) cannot be determined