To determine the observed energy of activation (\(E_a\)) of the reaction based on the given rate constants and observed rate constant expression, we need to understand the relationship between the rate constants and their corresponding activation energies.
Given:
\[ K_{\text{obs}} = k_3 \left(\frac{k_1}{k_2}\right)^{1/2} \]
The Arrhenius equation for each elementary step can be written as:
\[ k_1 = A_1 e^{-\frac{E_{a1}}{RT}} \]
\[ k_2 = A_2 e^{-\frac{E_{a2}}{RT}} \]
\[ k_3 = A_3 e^{-\frac{E_{a3}}{RT}} \]
Here, \(A_1, A_2,\) and \(A_3\) are the pre-exponential factors, and \(E_{a1}, E_{a2},\) and \(E_{a3}\) are the activation energies for the elementary steps.
Let's rewrite the expression for \(K_{\text{obs}}\) using the Arrhenius expressions for \(k_1, k_2,\) and \(k_3\):
\[ K_{\text{obs}} = A_3 e^{-\frac{E_{a3}}{RT}} \left( \frac{A_1 e^{-\frac{E_{a1}}{RT}}}{A_2 e^{-\frac{E_{a2}}{RT}}} \right)^{1/2} \]
Simplify the expression:
\[ K_{\text{obs}} = A_3 \left( \frac{A_1}{A_2} \right)^{1/2} e^{-\frac{E_{a3}}{RT}} \left( e^{-\frac{E_{a1} - E_{a2}}{2RT}} \right) \]
Combining the exponents, we get:
\[ K_{\text{obs}} = A_3 \left( \frac{A_1}{A_2} \right)^{1/2} e^{-\left( \frac{E_{a3}}{RT} + \frac{E_{a1} - E_{a2}}{2RT} \right)} \]
The exponent can be further simplified:
\[ K_{\text{obs}} = A_3 \left( \frac{A_1}{A_2} \right)^{1/2} e^{-\left( \frac{2E_{a3} + E_{a1} - E_{a2}}{2RT} \right)} \]
Thus, the observed energy of activation \(E_a\) for the overall reaction can be identified as the term in the exponent:
\[ E_a = \frac{2E_{a3} + E_{a1} - E_{a2}}{2} \]
Therefore, the observed energy of activation for the reaction is:
\[ E_a = E_{a3} + \frac{E_{a1} - E_{a2}}{2} \]
So the correct Answer is Option (B): \[E_{3} + \frac{E_{1} - E_{2}}{2} \]