...Pictures show the visual difference between the original WAV and the compressed file - what you see is what you don't hear in your AAC/MP3. The sample is what gets lost during encoding.
That is not true. That you see is literally the
difference. Difference could be the result of something that is added or lost. Your test can't tell which it is.
The way MP3 encoding works is really not to "throw away" some data. What it does is "substitute" the actual data with a mathematical function that creates data
like the audio data. What is recorded to the MP3 file are sets or parameters that are given to this function. So in effect ALL of the data are thrown away and new data takes its place.
What you have shown us is the
difference between the output of a mathematical approximation and the true audio data. If you ask what data are "lost" in lossy compression, the answer is technically "all of it"
The function is designed to not reproduce data that the ear does not listen to. In music we pay a lot of attention to something the "attack" of a note but don't care as much about timbre. The idea of lossless is to "toss out" parts of the sound that will not be missed as much. The the size of difference does not tell you as much as we might think. That matters is what's in there.
Would be interesting to listen to it.
.JPG works the same way.
All that said. when I use my good headphones I can hear the difference from 320K mp3 and lossless in about 1% of the music I have. (not 1% of the songs, but 1% of the time) it was anoyying so I re-ripped everything to lossless. I have about 12,600 tracks in my iTunes library all but about 600 ripped from CD.