File Formats and lossy versus lossless

What are three advantages of a RAW file:

8+ bits per color

Uncompressed (All data saved)

Higher in dynamic range

What is one disadvantage of a RAW file: 

Not as sharp as JPEG

What are three advantages of a JPEG file:

Standard format (Most widely used)

Small in file size

Sharper and higher in contrast

What is one disadvantage of a JPEG file:

Lower in dynamic range

1. Under the first heading "Capturing the Images," how much of the data does a RAW file retain after it is captured by the camera? Raw files retain all the data after it is captured.

2. Under the second heading "Processing the Files," what are some of the things that a RAW file enables a photographer to edit after the image is taken? White balance, contrast, highlights, shadows, colors and saturation.

3. Under the third heading "Practicalities," what are some of the factors that photographers must consider when deciding to shoot in RAW? Not every camera has the option and RAW is significantly larger than JPEG.

4. Under the fourth heading "Which one is for you?" why would an aspiring professional photographer need to know how to work with RAW files? Shooting in RAW allows aspiring photographers to enhance their photos.

1. Which file formats discussed have you used in the past?

I have used RAW and JPEG

2. What is the difference between a Raster and a Vector file?

 A Raster is compressed and contains pixels. A Vector image is not compressed and contains shapes, points and lines.

JPEG - Lossy, easy to upload, my camera can take these pictures

TIFF - Lossless, used to edit photos, no?

PSD - Lossless, used to edit photos, no?

DNG - Lossless, RAW image file, yes