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Here is some more info that explains the differences between lossy &amp;&nbsp;lossless audio formats: <a href="http://lifehacker.com/5927052/whats-the-difference-between-all-these-audio-formats-and-which-one-should-i-use" rel="ugc"><b>What’s the Difference Between All These Audio Formats, and Which One Should I Use?</b></a>
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Here is some more info that explains the differences between lossy & lossless audio formats: What’s the Difference Between All These Audio Formats, and Which One Should I Use? [http://lifehacker.com/5927052/whats-the-difference-between-all-these-audio-formats-and-which-one-should-i-use]

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Is there a list, table or essay that describes the advantages/disadvantages of various audio file formats?
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Is there a list, table or essay that describes the advantages/disadvantages of various audio file formats?

Audio file formats - Differences in quality?  Lossyness?

Multimedia applications are those programs that integrate more than one media at a time; browsers are the most obvious. However, the term has come to include the use of programs that enable the use of any component that isn’t simple text and static graphics, such as audio, video, animation, virtual reality, conferencing and monitoring.

MultiMedia Applications

Multimedia programming is the process of developing multimedia products, programs or services that combine text with sounds, pictures, graphics, video-clips, virtual reality, digital animation and other forms of media, and generally requires skill sets that include programming languages such as Java and C++, graphics, animation and video production.

Multimedia Programming

Digital audio is technology that can be used to record, store, generate, manipulate, and reproduce sound using audio signals encoded in digital form. Following significant advances in technology, digital rapidly replaced analog audio technology in most areas. Digital audio systems may include compression, storage, processing and transmission components. It is important to distinguish between the audio coding format, the codec performing the encoding and decoding of the raw audio data, and the container file. Common file formats include .wav, .aiff, .au, .m4a, .mp3, .wma, .ra and .raw.