What is a key difference in the deployment of Type $1$ and Type $2$ hypervisors in virtualization technology?

Group of answer choices

Both Type $1$ and Type $2$ hypervisors are installed directly on the hardware of the host machine.

Type $1$ hypervisors are deployed on a physical host without an underlying operating system, whereas Type $2$ hypervisors are installed as applications on an existing operating system.

Type $1$ and Type $2$ hypervisors both perform equally well since they manage resources in a similar manner.

Type $2$ hypervisors are considered more secure than Type $1$ hypervisors due to their ability to isolate virtual machines more effectively.