by Ken Task.
The 'suggestions' one sees in the dialog boxes for DB host, DB name, DB user, DB password are examples. Remotely hosted on GoDaddy means you have to use a GD app for customers that works with DB's and create the database for moodle manually.
Please see: http://support.godaddy.com/help/article/36/creating-mysql-or-sql-server-databases-for-your-hosting-account
Using the tool create a database for the moodle. You will then know what values to place in the installation form related to the DB for your Moodle.
'spirit of sharing', Ken