Scientific notation is any number from 1 to 9.9 multiplied by a power of 10.
To write a decimal in scientific notation, start from the left to find the first non-null digit, which in our case is the 5. Write down that numeral followed by a decimal point and the rest of the digits.
You get: 5.401
Then write " x 10" behind it.
You get: 5.401 x 10
Now add an exponent that expresses how many digits you would have to move the decimal point to get the original decimal you started with.
Here that value is "1", because you would have to move the decimal point one digit to the left. And because you would have to move the decimal point to the left, the exponent becomes negative.
You get: 5.401 x 10-1
[NOTE: if you had started with 54.01 you would get 5.401 x 101, because you would need to move the decimal point to the right to get the original decimal.]