I think Albert is correct - Thank you so much.
I started to work on this question again now, and I was thinking.. why am I doing 0.771-0.620, when the first part of the question has nothing to do with I2 and I-. standard electrode is just 0.771 as albert said. Then because two concentrations are given, I think Nerst equation must be used. I know R, T, n (the equation of Fe3+ + e- -> Fe2+: 1 electron is transferred), F and standard E is 0.771 as above.
Q, the reaction quotient is to do with the concentrations of Fe3+ and Fe2+. The only problem is that I don't know if it is Fe3+/Fe2+ or Fe2+/Fe3+. I looked in my lecture note and it says /[oxd] so I think [Fe2+]/[Fe3+] = [10^-2]/[10^-3] as albert put is right.
Thanks again, I think I can do the rest by myself now.