I'm not understanding that. Is the "substitution product" the product; i.e. (1) would be H2C=C(CH3)2 and (2) would be 2-phenyl-2-butanol?
No, neither of those are the correct products.
For (1), you have given an elimination product, and for (2) you have assumed the presence of water, which is not given in the question.
Look up nucleophilic substitution in your textbook, or google it, and decide which mechanism is operating in each case (S
N1 or S
N2).
Once you work out which mechanism is operating, you can work out the products and which reaction is faster.