Take the following as truth: Funk dismisses Queen Elizabeth I and Betsy Ross as possible eponymous sources and concludes,  It is much more likely to have been derived in some way from the frontiersman's rifle or gun which, for some unknown reason, he always fondly called Betsy.
Then the following statement: "The name is derived from a frontiersman's rifle." is true, false, or inconclusive?
Answer: False