jhow stuff works will explain all and everything u need to know, great website
basically turbocharger is nothing more than a shaft with 2 fans on it, sepereated by their seperate chambers,
one side is fed exhaust air from the engine combustion chamber on the exhaust stroke, and the exhaust propels the blade, thereby spinning the shaft its connected on, and there fore spinning the other side which sucks in fresh air from the outside. this goes to the engine intake tract.
psi, is pounds per square inch...just that. more pounds equals more air.
so the greater the pounds the greater the amount of air u have in the engine and the more fuel u can burn, which leads to more power