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PHP is a widely-used server-side scripting language especially suited for web development, powering tens of millions of sites from Facebook to personal WordPress blogs. PHP is often paired with the MySQL relational database, but includes support for most other mainstream databases. By utilizing different Server APIs, PHP can work on many different web servers as a server-side scripting language.
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First, you shouldn't need to go into your installation folder, sofar I remember. Going to your root site should start the setup automatically.
What happens when you type in the root url of your "site"?
Then, don't forget to create a database (godaddy panel), and record all details (dbserver, dbname, dbuser, dbpassword).
Rgds,
Werner.