What is the physical difference between standard reduction potential E° and formal reduction potential E°'?
Standard reduction potentials (E°) refer to hypothetical ideal solutions with all chemical species at unit activity (a_i = 1.0 M) in pure water. Formal reduction potentials (E°') are experimentally measured potentials in a specified electrolyte medium at designated ionic strength (such as 1.0 M H₂SO₄), absorbing activity coefficients, complexation equilibria (such as iron-sulfate and cerium-sulfate complexes), and liquid junction potentials directly into the empirical reference value.