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Meaning of The standard electrode potential (`Etheta` ) and its importance

Answer Text:
The standard electrode potential (E`theta` )
Definition
- Is the potential differencecfor a cell comprising of a particular element in contact with 1 molar solution of its ions and the standard hydrogen electrode.
- It is denoted with the symbol E .
Importance
- It is useful in comparing the oxidizing and reducing powers of various substances.