The wavelength \( \lambda \) of a wave is related to its speed \( v \) and frequency \( f \) by the equation:
\[
\lambda = \frac{v}{f}
\]
Where:
- \( v = 343 \, \text{m/s} \) (speed of sound),
- \( f = 500 \, \text{Hz} \) (frequency).
Substitute the known values:
\[
\lambda = \frac{343}{500} = 0.686 \, \text{m}
\]
Thus, the wavelength of the sound wave is \( 0.686 \, \text{m} \).