Is a 27 inch bike good for what height?

I'm curious, is a 27 inch bike a suitable choice for someone of a certain height? Could you elaborate on the factors that influence the fit of a bike to an individual's height, and whether a 27 inch frame is generally recommended for riders of a particular stature? Additionally, what other bike frame sizes might be better suited for taller or shorter riders, and how can one ensure they're selecting the right size bike for their needs?