Team plan standard, 1 x 5 hours session = 1 day?

https://preview.redd.it/jiecahotpogh1.png?width=405&format=png&auto=webp&s=8c2b3c99e9cc58076d063c1ba9b87d8eaca09443

Just registered for team plan standard, started using 1 x 5 hours session this morning, it equals 1 day weekly?