Concept: This problem is a direct application of the Heisenberg Uncertainty Principle, which states that it is impossible to simultaneously determine both the exact position and the exact momentum of a subatomic particle. The mathematical expression is given by:
\[
\Delta x \cdot \Delta p \geq \frac{h}{4\pi}
\]
where $\Delta x$ is the uncertainty in position, $\Delta p$ is the uncertainty in momentum, and $h$ is Planck's constant. Since $\Delta p = m \Delta v$, the inequality can be rewritten as:
\[
\Delta x \geq \frac{h}{4\pi m \Delta v}
\]
Step 1: Calculate the uncertainty in velocity ($\Delta v$).
The speed of the electron is given as $x~ms^{-1}$. The uncertainty is measured within an accuracy of 0.001%.
\[
\Delta v = x \times \left( \frac{0.001}{100} \right) = x \times 10^{-5} \text{ m/s}
\]
Step 2: Substitute the given values into the Heisenberg equation.
Given $m_e = 9 \times 10^{-31} \text{ kg}$, $h = 6.6 \times 10^{-34} \text{ Js}$, and $\Delta v = x \times 10^{-5} \text{ m/s}$:
\[
\Delta x \geq \frac{6.6 \times 10^{-34}}{4 \times \pi \times (9 \times 10^{-31}) \times (x \times 10^{-5})}
\]
Step 3: Simplify the mathematical expression to find $\Delta x$.
First, multiply the constants in the denominator:
\[
4 \times 9 \times 10^{-31} \times 10^{-5} = 36 \times 10^{-36}
\]
Now, place this back into the fraction:
\[
\Delta x \geq \frac{6.6 \times 10^{-34}}{36 \times \pi \times 10^{-36} \times x}
\]
Rearranging the powers of 10:
\[
\Delta x \geq \frac{6.6 \times 10^2}{36 \times \pi \times x} = \frac{660}{36 \pi x}
\]
Reducing the fraction $\frac{660}{36}$ by dividing both numerator and denominator by 12:
\[
\Delta x \geq \frac{55}{3 \pi x}
\]