<p>Why doesn’t this make sense? Why is it a big deal that the admit rate crept up to 17% over last year’s 15%? Applications were down 3% year over year so one would expect the admit rate to climb. The rates and offers have been very volatile but they suggest 5002 offers is more likely the right number than 4002:</p>
<p>2010 5285 offers out of 24939 apps, 21 percent.
2011 4763 offers out of 28823 apps, 16.5 percent
2012 4876 offers out of 27265 apps, 17.9 percent
2013 4520 offers out of 30117 apps 15.0 percent
2014 5002 offers out of 29,211 apps, 17.1 percent.</p>