Step 1: Use the formula for the wavelength of a sound wave
The wavelength \( \lambda \) of a wave is related to the speed of sound \( v \) and the frequency \( f \) by the formula:
\[
\lambda = \frac{v}{f}
\]
Step 2: Substitute the given values
Given:
- Speed of sound \( v = 343 \, \text{m/s} \),
- Frequency \( f = 500 \, \text{Hz} \).
Substitute these values into the formula:
\[
\lambda = \frac{343}{500} = 0.686 \, \text{m}
\]
Answer: Therefore, the wavelength of the sound wave is \( 0.686 \, \text{m} \). So, the correct answer is option (1).