First, we need to correct the count rates for the background radiation.
For the archaeological specimen:
Total counts in 5 minutes = 45
Background counts in 5 minutes = 5 counts/minute * 5 minutes = 25 counts
Net counts from the archaeological specimen in 5 minutes = 45 - 25 = 20 counts
Net count rate for the archaeological specimen = 20 counts / 5 minutes = 4 counts per gram of carbon per minute.
For the freshly cut wood:
Count rate = 20 counts per gram of carbon per minute.
Background count rate = 5 counts per minute.
Net count rate for freshly cut wood = 20 - 5 = 15 counts per gram of carbon per minute.
The decay of \(^{14}\)C follows first-order kinetics, so we can use the formula:
\[
A_t = A_0 e^{-\lambda t}
\]
where \(A_t\) is the activity of the archaeological specimen, \(A_0\) is the activity of the freshly cut wood, \( \lambda \) is the decay constant, and \( t \) is the age of the specimen. The activity is proportional to the net count rate.
\[
4 = 15 e^{-\lambda t}
\]
\[
\frac{4}{15} = e^{-\lambda t}
\]
Taking the natural logarithm of both sides:
\[
\ln\left(\frac{4}{15}\right) = -\lambda t
\]
The decay constant \( \lambda \) is related to the half-life (\(t_{1/2}\)) by:
\[
\lambda = \frac{\ln(2)}{t_{1/2}} = \frac{\ln(2)}{5730 \, \text{years}}
\]
Now, we can solve for \( t \):
\[
t = -\frac{\ln(4/15)}{\lambda} = -\frac{\ln(4/15)}{\ln(2)/5730} = \frac{\ln(15/4)}{\ln(2)} \times 5730
\]
\[
t = \frac{\ln(3.75)}{0.6931} \times 5730 = \frac{1.3218}{0.6931} \times 5730 = 1.9071 \times 5730
\]
\[
t = 10928.583 \, \text{years}
\]
Rounding to the nearest integer, the age of the specimen is 10929 years. This falls within the given range of 10926 to 10934 years.