B. Lossy compression algorithms are typically better than lossless compression algorithms at reducing the number of bits needed to represent a piece of data.
The statement which is true of lossy and lossless compression algorithms is that: B. Lossy compression algorithms are typically better than lossless compression algorithms at reducing the number of bits needed to represent a piece of data.
A lossy compression is also referred to as irreversible compression and it can be defined as a type of data encoding in which the data in a file is removed by using inexact approximations, so as to reduce the size of the file after decompression.
On the other hand, a lossless compression refers to a type of data compression algorithm in which the original data isn't affected because the uncompressed file would exactly be the same with the original file before compression, each bit for each bit.
Deductively, we can infer that when reducing the number of bits needed to represent a piece of data, all lossy compression algorithms are typically better than lossless compression algorithms.
Read more on lossy compression here: https://brainly.com/question/18806025
