Step 1: Understanding the Concept:
The standard equation of a traveling wave can be written as $y = A \sin(kx - \omega t)$ or $y = A \sin \frac{2\pi}{\lambda}(x - vt)$, where $v$ is the wave velocity.
Step 2: Detailed Explanation:
The given equation is:
\[ y = 0.05 \sin \left[ \frac{2\pi}{\lambda}(x - 200t) \right] \]
Comparing this with the standard form $y = A \sin \left[ \frac{2\pi}{\lambda}(x - vt) \right]$:
The term $(x - 200t)$ corresponds to $(x - vt)$.
Therefore, $v = 200\text{ ms}^{-1}$.
Step 3: Final Answer:
The velocity of the wave is 200 ms$^{-1}$.