This equation represents the calculation of standard entropy change for a chemical reaction, where s° is the standard entropy change, and it is determined by subtracting the standard molar entropies of the reactants from those of the products. Standard molar entropy, denoted as s°, provides a measure of the randomness or disorder in a system at standard conditions. The equation emphasizes that the change in entropy during a reaction is crucial for understanding the thermodynamic favorability of processes.