Do hairy women have more sex drive?

I had heard alot of times of this term, "Women with hairy arms have more sex drive". Is it true?

I assumed when people said it, they may have linked it to the fact that:
1) Hairy arms are a result of more male hormones;
2) Male hormones tend to lead to higher sex drive.

Point 1 is quite a true fact but is point 2 valid?

I really wonder...