The plot of the function is generated from a series of $(x,y)$-coordinates, $\{(x_1,y_1), (x_2,y_2),\cdots(x_n,y_n)\}$, where $x$=time (t), $y$=Amplitude (A). In order to convert this plot into a stattionary plot, where $x$ is the position, we have to convert the set of $x$ coordinates from time to position.
We use the conversion operator:
$$Q:\frac{A}{t}\longrightarrow \frac{A}{x}$$
which is an operation on the set of coordinates of the plot:
\begin{equation}
Q: \{(x_1,y_1), (x_2,y_2),\cdots(x_n,y_n)\}\longrightarrow \{v,1\}\cdot\{(x_1,y_1), (x_2,y_2),\cdots,(x_n,y_n)\}
\end{equation}
Where $v$ is the average velocity of the wavetrain. This yields a new set of coordinates:
$$\{(v\cdot x_1, y_1), (v\cdot x_2, y_2),\cdots,(v\cdot x_n, y_n)\}$$
In this way, we have converted the time-axis (x-axis) into a position-axis, and when we perform an interpolation we obtain a stationary plot of the waves (waveprofile), where $\lambda$ is readable on the $x$-axis. This plot is in effect a "stretched" out version of the time-dependent plot, stretched on the x-axis.