Standard electrode potential is a measurement of the potential for equilibrium. There is a potential difference between the electrode and the electrolyte called the potential of the electrode. When unity is the concentrations of all the species involved in a semi-cell, the electrode potential is known as the standard electrode potential.

E10+2E20=3E30
E10=3E30−2E20
=3(−0.036)−2(−0.44)
=+0.772V
Ecell 0=EFe3+/Fe2+0+EI−/I20=0.233
ΔrG0=−2×96.5×0.233=−45kJ
