What is the difference between admission rate and acceptance rate, and how do they impact a university's selection process?

The admission rate is the percentage of applicants who are offered admission to a university, while the acceptance rate is the percentage of admitted students who choose to enroll. A low admission rate indicates a competitive selection process, while a low acceptance rate suggests that admitted students are more likely to enroll. These rates impact a university's selection process by influencing the number and quality of applicants, as well as the overall competitiveness and reputation of the institution.