Generate: supply the original data bits and get the parity bit to append. Check: supply a complete message (data + parity bit already included) to verify it.
Odd parity: the total number of 1s in the transmitted message (data + parity bit) must be odd. Even parity: that count must be even.
A string of 0s and 1s. In Generate mode enter only your data bits. In Check mode enter the complete message including the existing parity bit.