How well can you hear audio quality? A big part of it is the quality of the playback device and speakers/headphones, but the amount of audio compression is also a factor. If you want to try it out for yourself, NPR have posted an article with a short quiz to test yourself on their site at:
http://www.npr.org/sections/therecord/2015/06/02/411473508/how-well-can-you-hear-audio-quality