You are referring to the United States Navel Academy Bancroft Hall Candidate Visitation Program. The USNA describes the program as "an invitation-only program designed for highly qualified candidates who are competitive for appointments. It is a great opportunity to spend a weekend with the Brigade of Midshipmen. During specified weekends between October and April, from 5 p.m. Thursday until 11:30 a.m. Saturday, you live with your midshipman host, attend classes, eat in King Hall and sleep in Bancroft Hall. Admissions personnel will contact qualified candidates."

While I was unable to find out how many invitations are issues or the percentage of candidates who attended a Visitation Weekend were actually admitted, I did find this statement from the USNA Admissions Department. (www.usna.edu/Catalog/Dialup/2007-2008admissions.pdf )

"record of achievement is truly outstanding, you could receive an early offer called a Letter of Assurance.  This indicates our intent to extend an Offer of Appointment, provided that all your remaining requirements (nomination, CFA,  and medical) are successfully completed

If you are found scholastically qualified but do not receive a Letter of Assurance, you will be competing for an offer of appointment from within your nominating sources. 

Approximately 2,000 candidates are found fully qualified (scholastically, medically, physically (CFA), and have obtained a nomination).  Of that number, about 1,500 will receive appointments and approximately 1,200 become midshipmen. "
Source(s):
www.usna.edu/Catalog/Dialup/2007-2008admissions.pdf

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