What is it called when a lipid is conjugated with a carbohydrate?

$A$ typical fat molecule is made up of

$S$ - Statement: Beeswax is completely soluble in water.
$R$ - Reason: Beeswax is known to be used as a medicine.

In an experiment,freshly hatched larvae of an insect (Khapra beetle) were reared on a basal diet (complete diet without cholesterol) with increasing amounts of cholesterol. Results obtained are shown in the given graph.
The graph indicates:

How many carbon atoms are present in a molecule of palmitic acid?

Assertion $A$: Cholesterol is a lipid that does not contain fatty acids.
Reason $R$: Cholesterol does not contain a $-COOH$ or $>C=O$ group.
Which option is correct for Assertion $A$ and Reason $R$?