How do i find dataloss in Data Guard?

We are using redo log, in async mode, following is our setting.
SERVICE=xxx_sb max_failure=100 reopen=600 LGWR ASYNC VALID_FOR=(ONLINE_LOGFILES,PRIMARY_ROLE) DB_UNIQUE_NAME=xxx_sb
When i query V$managed_Standby for delay_mins, its always zero. Meaning there is no delay in copying a log. I have 2 questions..
1. How can i communicate to business that in worst case we will lose x Mintues of data? Its an OLTP, where the transactions are less then 2mins. Also during the night there are some batch jobs where the transactions are 60mins longs.
2. Most of the time during peak hours there is a log switch happening every 10-15mins but during non-peak it may not happen for a long period of time, is it advisable to set ARCHIVE_LAG_TIME to 10 mins? as im not using archiver , we are using log writer for standby.
any explanation or point to documentation would be appreciated,
Thanks,

Production databases who are running with fully fined configured Data Guard, do'nt have any dataloss because failover operation ensures zero data loss if dataguard is configured with maximum protection mode or maximum availability mode at failover time.
http://www.dbazone.com/docs/oracle_10gDataGuard_overview.pdf
The above pdf is oracle white paper which too confirmed it.
LGWR SYNC AFFIRM in Oracle Data Guard is used for zero data loss. How does one ensure zero data loss? Well, the redo block generated at the primary has to reach the standby across the network (that's where the SYNC part comes in - i.e. it is a synchronous network call), and then the block has to be written on disk on the standby (that's where the AFFIRM part comes in) - typically on a standby redo log.
Can you have LGWR SYNC NOAFFIRM? Yes sure. Then you will have synchronous network transport, but the only thing you are guaranteed is that the block has reached the remote standby's memory. It has not been written on to disk yet. So not really a zero data loss solution (e.g. what if the standby instance crashes before the disk I/O).
To sum up -> LGWR SYNC AFFIRM means primary transaction commits are waiting for ntk I/O + disk I/O acks. LGWR SYNC NOAFFIRM means primary transaction commits are waiting for ntk I/O only.
Source:http://www.dbasupport.com/forums/showthread.php?t=54467
HTH
Girish Sharma

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