1. **State the problem:** Calculate $4.8 \times 10^6 + 3.7 \times 10^7$ and express the answer in standard form.
2. **Recall the standard form:** A number in standard form is written as $a \times 10^n$ where $1 \leq a < 10$ and $n$ is an integer.
3. **Rewrite the terms with the same power of 10:**
$4.8 \times 10^6$ can be rewritten as $0.48 \times 10^7$ to match the power of $10^7$ in the second term.
4. **Add the coefficients:**
$0.48 + 3.7 = 4.18$
5. **Combine the result:**
$4.18 \times 10^7$
6. **Check if the coefficient is between 1 and 10:**
Since $4.18$ is between 1 and 10, the number is already in standard form.
**Final answer:**
$$4.18 \times 10^7$$
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