Hi sjaret
We cover the trace element calculations in detail in our Basics and 3D Trace Elements DRS (the latter in particular goes into quite a bit of detail) but to answer your questions:
1/ When selecting the reference materials for normalizing, how exactly does the program determine the intensity values?
iolite calculates a concentration value for every data point within an experiment. It uses the Longerich et al equation. In that equation, it uses the spline for the baseline subtracted counts for the external reference material as the value for the counts for the RM in the Longerich et al equation. For example, when calculating a concentration for Sr88, it will use the spline of the RM for Sr88_CPS as the RM count rate. Depending on what you've chosen for your spline type, this may just be a single value, or it may be varying quite a bit.
2) Does the IS method also first normalize the external standards and then perform the internal standard normalization?
Similarly, the way iolite uses the IS is described by the Longerich et al equation (except if you're doing sum normalisation, where I would refer you to Liu et al., 2008, also discussed in the 3D Trace Elements webinar). The IS is basically a yield correction factor, and does not change within an ablation. When you set the IS value for a selection, it uses that IS value for all data points within the selection. Parts of the ablation that are outside the selection will have NO IS value, and a final ppm value will not be calculated for those data points.
I hope that helps. It's always good to get these finer details cleared up. If you (or anyone else) has any other questions about the DRS, please let us know.
-Bence