1. A method for compressing received data comprising a first received component and a second received component, the method comprising: (a) receiving an interleaved stream of a first plurality of first received component samples with a second plurality of second received component samples; (b) converting the first received component to a first converted component in accordance with a statistical characteristic; and (c) converting the second received component to a second converted component in accordance with the statistical characteristic, wherein a resolution of at least one of the converted components is reduced with respect to a corresponding received component.