<p>OP</p>
<p>I think you are confusing between qualified and competitive. I would agree that 80% or more could be qualified i.e. meet the minimum criteria. If the SAT score range is say 2100-2400, (I am talking about the lowest and highest and these are just examples not the real range), anyone with over 2100 is qualified by that criteria, but very few with 2100 are competitive. There are exceptions, but those have something else going for them (legacy, athletics, significant achievement)</p>
<p>Based on what I have read, they eliminate over 2/3 of the applicants in the first pass. So most are qualified, a much smaller number are competitive.</p>