The answer to whether the 1st decile is "good" depends entirely on the context.
Understanding Deciles
Deciles divide a dataset into ten equal parts. The 1st decile represents the lowest 10% of values in the dataset.
Different Interpretations
- Income: In the context of income, being in the 1st decile generally indicates low income compared to the rest of the population.
- Performance: In performance metrics like test scores or sales figures, a 1st decile ranking might indicate below-average performance.
- Risk: In financial investments, a 1st decile ranking could suggest high risk or low return.
Conclusion
Whether the 1st decile is "good" or "bad" depends entirely on the specific context and what the dataset represents.
