"Data and Images" Please respond to the following:Lossless and lossy are the two (2) universally known categories of compression algorithms. Compare the two (2) categories of algorithms, and determine

"Data and Images" Please respond to the following:

• Lossless and lossy are the two (2) universally known categories of compression algorithms. Compare the two (2) categories of algorithms, and determine the major advantages and disadvantages of each. Provide one (1) example of a type of data for which each is best suited.
• BitMap and object (i.e., vector) are the two (2) categories of images. Compare the two (2) categories of images, and determine the advantages, and disadvantages of each. Provide one (1) example of type of file for which each is best suited.