Final answer:
RAID level 3 is known as bit interleaved parity organisation, which uses byte-level striping with a dedicated parity disk for error detection and correction.
Step-by-step explanation:
The RAID level that is also known as bit interleaved parity organisation is RAID level 3. RAID 3 uses byte-level striping with a dedicated parity disk. In this setup, data is split into bytes and spread across multiple disks. Each byte is recorded with parity information on a separate, dedicated parity drive. This method allows for error detection and correction since the parity information can be used to reconstruct data from a failed drive. RAID 3 is not commonly used in modern systems as other RAID levels, such as RAID 5 or RAID 6, provide similar benefits with better performance and redundancy.