Neurips Position Track Rebuttal and Reviews [R]

Hello! This is my first time submitting an actual conference paper (only done workshops so far).

Got a 3/3/5/7 for the Position Paper Track. Reviews all seem quite addressable. Meta review also seemed kinda positive? Included wording such as "a revision should include..." followed by actionable stuff we can take. Feels like there may be a shot.

My question is... what does that mean? We submit rebuttals for each reviewer. And I agree with a lot of the feedback. So thats not an issue. But what's going to happen? Do reviewers change their scores? Does the AC read each rebuttal to see if we'll make an adequate revision? How does all of this get judged? Who am I trying to convince here? And of what? And what should the wording be like in the rebuttal? More informal?

Sorry if some of these questions seem redundant!