Does the acceptance rate of a conference influence its reputation or rank? Top conferences such as CVPR, ECCV, etc. typically have a low acceptance rate, i.e., ratio of accepted to submitted papers. Does this give them a high reputation or rank? For example, this year the AAAI conference has more than 8000 submitted papers but only 1000 accepted papers.
CORE, one of the major ranking systems for computer science, takes the acceptance rate into account: (Source)


  Characteristics of A* Conferences include that:
  
  [...]
  
  
  They have acceptance rates that are typically 20% or less, with many more "acceptable"
  papers submitted than can be accommodated in the conference program.