An alternative formula for the volume of a sphere proposed in the discussion was found to be incorrect. The formula attempted to combine the area of a circle with its circumference but failed due to the varying distances traveled by different parts of the circle during rotation. Integral calculus is suggested as the appropriate method to derive the correct volume formula, as it accounts for these variations. Participants recommend resources like Khan Academy and university textbooks for learning calculus concepts. The discussion concludes with acknowledgment of the initial mistake in the proposed formula.