Step 1: Understanding the Doppler effect.
The Doppler effect explains the change in the frequency of sound when the source or the observer is moving. The formula for the apparent frequency when the observer moves towards or away from the source is:
\[
F = F_0 \left( \frac{V + V_o}{V} \right)
\]
where \( F_0 \) is the emitted frequency, \( V_o \) is the velocity of the observer, and \( V \) is the speed of sound in air.
Step 2: Using the given ratio.
The given ratio is \( \frac{F_1}{F_2} = 2 \). This indicates that the change in frequency depends on the relative velocities of the observer and the source. By solving the equation for \( \frac{V}{V_o} \), we find that the value of \( \frac{V}{V_o} = 3 \).
Step 3: Conclusion.
Thus, the correct answer is (D) 3.