Interference and diffraction are both present when dealing with two or more slits, but they manifest differently. Diffraction occurs as the wave spreads out from a slit, behaving as if the slit is a point or line source, regardless of the original wave type. Interference, on the other hand, creates distinct patterns of constructive and destructive interference, resulting in bands or points of maxima and minima on a screen. The specific characteristics of the slits and the observation distance influence the resulting intensity patterns. Understanding these distinctions is crucial for analyzing wave experiments effectively.