There is no universal definition for those terms. Having a 38% chance of admission for a school means you have a 38% chance of admission, given the data available. Whether you want to call that a reach or a target depends on what those odds mean to you.
... _itself_, the statement would be universal. If instead, the sentence is ... ", this wouldn't necessarily be universal since "there is" denotes a ...
... strong correlation as evidence of causation. Neither conclusion has any business ... />
Im just picking on correlation/causation because the LSAT uses that ...