Okay, so Delta H is negative so its an endothermic rxn, and Delta S is postiive so an increase in entropy. 1) Your Delta n of gas is bigger then 1 so it is increasing entropy BUT you are breaking 3 bonds O-O=O (requires E, so endothermic) to make 2 bonds O=O (Release E) so its its an overall endothermic rxn, its not 1)
2) You are making gas, theres your increase in entropy, and you are making more bonds then you are breaking, so more energy is released then is required thus its exothermic. so 2) is correct!
Best of luck on the exam!