They may be weighing CWRU vs their in state option, especially if their in state option is closer to home and the cost is much less. For example, would someone pick CWRU over Va Tech or Penn State?
But yes, our tour guide said the dorms weren’t good and they sent us mail every week.
When we visited, the Classics professor was very popular as multiple students waited in line to talk to him.
No - they wait list a bunch because they need to fill a class. Like any school. It gives them a hedge. WLing that much of your class is insane - but they are not the only private doing it. It’s an insurance policy.