Am I correct in thinking thst 'panowie' is the plural of 'pan'?
'Panie' is the plural of 'pani'?
correct
And 'państwo' translates as 'family'?
not correct - depends on context, examples:
Panstwo Kowalscy - Mr and Mrs Kowalscy
Prosze Panstwa (jakis wystep) - Ladies and gentlemen (some show)
Panstwo - country
... and probably some others ...
family = rodzina