Given that Parity bit is a form of strategy or method that utilizes a scheme in adding a solitary bit to a binary string. This can be either 1 or 0, thereby making the total quantity of bit to become either odd parity bit or even parity bit during storage.
Hence, the technique that uses a scheme to sum the individual digits in a number and stores the unit's digit of that sum with the number is called PARITY BIT.
