What does this code do?
It initializes two variables, franIsTired and franMustWakeUpEarly, to true and false, respectively. Then, in the third line of code (not including comments!), we determine that Fran will go to sleep if and only if the "and" operation is true -- that is, if both inputs to the "and" operation are true. In this case, the first input is true and the second input is false. Since "and" requires both inputs to be true in order for the output to be true, but one of the inputs is false, the output will be false. So, the variable bedTime will store the value false.
Also, take note that the variable names used here are lengthy. How you decide to program is up to you, but often times it's better to have lengthier variable names that are readable, rather than short, obfuscated variable names like "i" or "zz". (The names in this example may have gone overboard, though.)