The following is best read assuming the device is in prime working condition:
The current battery life estimate changes almost live depending on current system load which can and likely will vary drastically depending on usage.
For example, I have a ThinkPad Yoga. It's a hybrid similar in performance to the Core i7 Surface Pro 3.
If I'm gaming on battery power, it'll say a couple hours.
If I'm doing some heavier web browsing and other work, it'll say something like 4 hours.
If I have it open to light web pages and/or it's just idling, it'll say something like 6+ hours. If the display goes to sleep/turns off, that number can go up dramatically.
It's supposed to have something like 7 hours of battery life IIRC. (it's not new anymore so)
but ultimately I'm served well since load fluctuates over normal use.
Also there can be background activity that is nothing to sneeze at. There can be updates being worked on, search indexing, etc that contribute to the total power consumption.
I would try to use it normally and see what actual usage feels like, i think the live status is a good indicator of life at that usage level.