What does MPEG stand for?

MPEG stands for Moving Picture Experts Group, which is indeed related to a universally accepted standard for digital television. The group develops standards for various types of audio and video compression and transmission.

The significance of this standard lies in its ability to provide efficient compression techniques for moving images and audio, allowing for high-quality digital broadcasting. This is crucial in the context of digital television because it ensures that video files can be transmitted efficiently while maintaining quality, catering to various bandwidth capabilities.

The other choices do not accurately capture the essence and broad impact of MPEG. While there are various formats and codecs associated with digital media, the core identification of MPEG pertains specifically to the standards that revolutionize the way moving images are compressed and transmitted in digital broadcasting, including television and streaming services.