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Ping is a basic Internet program that allows a user to verify that a particular IP address exists and can accept requests. Ping is used diagnostically to ensure that a host computer the user is trying to reach is actually operating. Ping works by sending an Internet Control Message Protocol (ICMP) Echo Request to a specified interface on the network and waiting for a reply. Ping can be used for troubleshooting to test connectivity and determine response time.
The ping rate, which is also know as latency, is a number that corresponds to delay time on the Internet measured in milliseconds (30ms, for example). The higher the number, the more data transfer delays you might experience, and sense, while you're online.