graph
y=x
y=x^2 (x squared)
y=x^3
y=x^4
y=x^5
more if you have time.
notice if you rotate the graphs of the odd powered x's about the origin for 180 degrees, you get the same graph. That's basically what odd functions are, they are symmetric about the origin.
now look at the graph for the even powers, if you reflect the graph about the y axis, it looks the same. This is what makes a function even (symmetric about the y axis)
expressed in equations, it's what ryan posted.
to use it.. suppose you want to graph an even function
say y = 1 / (1 + x^2)
you will just need to calculate/ find data about the graph for positive x, graph it, then draw the reflection about the y axis to give the graph for negative x.
for odd functions, say [e^x - (1/e^x)]/2
graph the graph for positive x and rotate it by 180 degrees about (0,0) will give you the other part of the graph.
in HSC it's also used in integration problems, if you are asked to find:
/a
| f(x) dx
/b
if f(x) is odd, then it is 0.
if f(x) is even, the integral will equal
/a
| 2*f(x) dx
/0