Following up on my previous post, more info on analog stuff.
FM broadcast in USA - 15khz max frequency (for both mono and stereo sub-bands), about 70 db dynamic range.
AM broadcast in USA -10khz separation between "channels", but in USA stations are at least 20khz apart, and some stations are "clear", meaning they have a frequency not used anywhere else in the USA (like KOMA), allowing for a huge range of reception at night. Originally, AM stations had up to 20khz max frequency ("stealing" bandwidth from adjacent unused channels), but were later limited to 10khz by FCC. Dynamic range is about 50 db. There was a short period where stereo AM broadcasts with 15khz frequency range per channel was implemented. Most modern receivers don't implement good AM reception.
Both AM and FM broadcasting compress the dynamic range (quiet sounds become louder, while louder sounds remain the same). Receivers can reexpand the sound to get the dynamic range back. (This is also done for some types of tape recording). In a car, background noise while driving limits the pratical dynamic range to about 30db, and it's a good idea for cd-players in cars to include a compress feature.
samples taken at the rate of 2*f_max per second.
taken at a rate > 2*f_max per second. Exactly 2 doesn't cut it. Just barely above 2 would take a very complicated filter. Cd-roms sample a 20khz max (cut off filter) signal at 44khz to improve accuracy and reduce the complexity of the digital to anallog filter, which must recontruct smooth sine waves from the sampled data. In addition, higher frequencies are an issue because it's getting close to 1/2 of the sampling rate, so higher frequencies are "emphasized" during recording, and "de-emphasized" when played back to reduce noise.
For digital sampling, higher sampling rates increases accuracy and reduces filter complexity. Higher number of bits per sample increases dynamic range and/or increases accuracy (better precision) as well.