Step 1: Picture the motion directly as seen from the rotating frame.
Instead of starting from the velocity-addition formula, think about what an observer sitting on $S'$ actually sees. The mass at $P$ never moves in the inertial frame $S$, but since $S'$ itself spins relative to $S$ at rate $\omega$, the $S'$-observer sees $P$ trace out a circle of radius $r$ (the fixed distance of $P$ from the common origin) at angular speed $\omega$, going around in the sense opposite to how $S'$ spins relative to $S$. This is a purely kinematic fact, true even before any forces are considered.
Step 2: Get the speed and true (kinematic) acceleration of this apparent circular path.
For circular motion of radius $r$ at angular speed $\omega$, the speed is $u = \omega r$ and the acceleration needed to keep tracing that circle points toward the center with magnitude $a' = u^2/r = \omega^2 r$. This is simply the standard centripetal acceleration formula for any object moving on a circle, applied to the apparent path of $P$ as tracked using $S'$'s own axes.
Step 3: Match this kinematic acceleration to the pseudo-forces.
Since $P$ feels zero real force (it just sits still in the inertial frame $S$), Newton's second law written in the non-inertial frame $S'$ must produce this same net inward acceleration purely from pseudo-forces: $m a'_{\text{net}} = F_{cor} - F_{cen}$, where $F_{cor}$ points inward (since it opposes the apparent circular drift) and $F_{cen}$ points outward. Using the standard expressions $F_{cen} = m\omega^2 r$ and $F_{cor} = 2m\omega^2 r$ (from $F_{cor} = 2m\omega u = 2m\omega(\omega r)$, since the Coriolis force magnitude is $2m\Omega v'$ for velocity perpendicular to the rotation axis):
\[ F_{cor} - F_{cen} = 2m\omega^2 r - m\omega^2 r = m\omega^2 r = m a'_{\text{net}} \]
which exactly matches $m a' = m\omega^2 r$ found by pure kinematics in Step 2. This cross-check confirms both magnitudes are consistent with each other.
Step 4: Read off the ratio.
From $F_{cen} = m\omega^2 r$ and $F_{cor} = 2m\omega^2 r$, both are clearly nonzero, and dividing gives $F_{cen}/F_{cor} = 1/2$, i.e. $F_{cen} = F_{cor}/2$.
Final Answer:
Both pseudo-forces are present and the centrifugal force is exactly half the Coriolis force.\[ \boxed{\text{(B)}} \]