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<p>Exactly. It’s because the university officials filling out the PA survey aren’t thinking about a school’s admit rate. They’re thinking about faculty, mostly, and their judgment is that the Chicago faculty is stronger in math, and physics, and econ, and poli sci, and classics, and English, and history, and on and on. The PA is the only part of the US News ranking that bears any relation to faculty quality, which when you think about it just might have something to do with academic quality.</p>