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How the word press site and hosting company are related.
what is cpanel. who offers cpanel.
what are the steps to launch a personal site for free/low cost.
any good links and step by step instructions with screeshots on this?
(assuming you have PHP and MySQL available).
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Most hosts will offer Cpanel. It's a control panel application that makes it easier to manage your hosting account. It provides a gui to do things like setup your email accounts, manage databases, manage user permissions, etc.
cpanel is paid service? are there any free services on this? please advise
For free, follow Jason's advice with wordpress.com
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