These buttons control Disk Druid's actions. They are used to change the attributes of a partition (for example the file system type and mount point) and also to create RAID devices. Buttons on this screen are also used to accept the changes you have made, or to exit Disk Druid. For further explanation, take a look at each button in order:
Edit: Used to modify attributes of the partition currently selected in the Partitions section. Selecting Edit opens a dialog box. Some or all of the fields can be edited, depending on whether the partition information has already been written to disk.
To make a RAID device, you must first create (or reuse existing) software RAID partitions. Once you have created two or more software RAID partitions, select Make RAID to join the software RAID partitions into a RAID device.