<p>In general, I think that’s a fair assessment, except for the “borderline” stats idea which, I think, doesn’t exist in this context. In broad general terms, the adcoms for each school start with the number of available freshman seats, then estimate the yield, giving the number of applicants they will admit, and they just go down the list, which we can think of as “ranked” where everyone has good stats, but there’s a cutoff point when the seats are filled. In broad general terms.</p>