While an organism is alive it keeps its carbon-14 topped up by exchange with the atmosphere. When it dies the exchange stops and the carbon-14 decays, so the surviving fraction dates the death: age = (T / ln 2) · ln(N0 / N), where T is the half-life of carbon-14. Set what the laboratory measured, what the atmosphere held when the organism died, and how precise the measurement was. The panel reports the radiocarbon age — years before 1950, on the assumption that the atmosphere always held the 1950 level, which it did not. Turning that into a calendar date needs a published calibration curve, and this lab does not carry one.
The other two half-livesSame measurement on the other two half-lives: 5730 y: 5,730 · 5568 y: 5,570 radiocarbon years.
What the half-life means hereEach 5,700 years halves what is left: after 1.000 half-lives, 50.00 % of the starting carbon-14 is still there.
What the reading meansRadiocarbon years, not calendar years: the atmosphere has not always held exactly the 1950 level, so a published calibration curve is needed to turn this into a calendar date.