Answers
Ideal for reducing the size of images, audio, and video where perfect accuracy is not critical
Uses data patterns and repetition to reduce file size efficiently
Reduces file size by permanently removing data, resulting in some loss of quality
Level of compression can often be adjusted to balance size and quality
Reduces file size without any loss of quality
Compressed files may not be as small as those compressed with lossy methods
Original file can be perfectly reconstructed
Significant reduction in file size allows for faster downloads and reduced storage needs
Especially suitable for text and data files where accuracy is paramount