Basically the processor state is how much of the percent of the processor your laptop uses. Generally you don’t need to edit the setting for it.
I think for the balanced setting it has it set for battery to run a min of 5% and max of 100%. That means that your processor will always run at 5% but not more then 100% (not that you could go more than that lol)
They have that for lappys so you can set it to run at say no more the 75% to in theory save power and have the battery last longer.
If you leave it plugged in usually don’t worry about it and set the max to 100% and the min to anywhere around 5%