Color temperature is the temperature that you would have a heat a theoretical "black body" in order for it to emit light of a given color temperature. Basically all you need to know to set up your monitors is that lower K = redder, and higher k = bluer. Daylight with no clouds or other variables that mess with light quality is ~6500K, give or take. Colors in photos will be more accurate at this color temperature, and that's the color temperature that most monitor calibration software works under, although I think that the newer ones work with other temps now. 6500K is a good temp to keep your monitors at.