There are basically 2 ways that the software will create WAVE files. (These settings indicate how the WAVE files are created.)
This is the most popular setting. If you are creating WAV files so that you can burn them on custom CD compilations, choose this option. It will ensure that any non-CD quality format WAVs and MP3 files are converted to CD quality compatible WAV files.
CD quality format WAV files are 44,100 Hz, 16 bits, stereo.
Choose this if you want the WAV files in a specific format.
The last alternative can be used for special situations where you need all your resultant WAV files to be in a specific format. For example, you can use this if you need all your WAV files to be mono.
The sample rate is the number of sound points per second. For example, 22,050 Hz means that there will be 22,050 samples of sound data every second. You can also type in the sample rate if its not in the list.
Stereo means that the resultant files will have a left and right channel. Mono means that there is only one channel.
Bits Per Sample
Each sample is stored in a finite number of bits. The more bits you use, the less noise is introduced to the sound. However, the file size will also get bigger as higher bits per sample are used. The default is 16 bit. 8 bit sounds may sound noisy especially for subtle dynamic sounds.