Compute each product or quotient. Put the final answer in the correct scientific notation form.

The given product expression is:
[tex](3\times10^{-3})(5\times10^{-1})[/tex]This can be simplified as:
[tex]\begin{gathered} 3\times5\times10^{-3}\times10^{-1} \\ \\ 15\times10^{-3-1} \\ \\ 15\times10^{-4} \\ \\ 1.5\times10^1\times10^{-4} \\ \\ 1.5\times10^{-3} \end{gathered}[/tex]