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<p>Well, yes and no. Having great stats is not by itself enough to get you in. But having mediocre stats will almost certainly keep you out. </p>
<p>Think of high-end admissions as a card game. Having excellent stats gets you a seat at the table; whether or not you win and get admitted depends on what cards you are dealt (legacy, URM, rich) and how well you play the game (essays and ECs).</p>