Yes, that is the assignment. If you can play the calisthenics by just looking at the summary in less than two weeks at a moderate tempo (that is, not reading the tab or regular notation), you can feel free to move on earlier. However, initially people take a long time getting comfortable with the fingerings and location of all the intervals, so I recommend a minimum of 2 weeks. Remember: just because a new module opens up every 30 days, this doesn’t mean you have to necessarily be ready to start on it then. Each player has to adapt the exercises in each module to their skill level and the amount of time they can devote to it.
All I can do in terms of recommended time to spend on each section, is estimate what it takes the intermediate player with a minimum of an hour, 5 to 6 times a week to complete the assignments. This is based on my 30+ years of working with students. That said, in the case of a beginning jazz guitarist (even if he has been playing for many years), it may take twice as long, or even longer…