I have hosted my website on shared hosting linux server. As there are atmost 10-15 visitors come to my website daily but My wordpress website most of the times gives 500 Internal Server Error.

I accessed my server Error Log following error is showing:

 [Tue Dec 04 08:57:45 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:45 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:43 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:43 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:42 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:42 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:41 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:41 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:40 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:40 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:32 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:31 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:29 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:29 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php
[Tue Dec 04 08:57:26 2012] [error] [client 117.205.74.227] (12)Cannot allocate memory: couldn't create child process: /opt/suphp/sbin/suphp for /home/grasphub/public_html/index.php

Is my hosting service really bad. And any solution. Thanks in advance.