Understanding the chemical formula of aluminum sulfate, Al2(SO4)3, involves recognizing the charges of its components. Aluminum ions (Al3+) and sulfate ions (SO4)2- combine in a 2:3 ratio to achieve a neutral compound. Memorization of common chemical names and formulas, such as carbon dioxide, water, and sulfate, is emphasized as beneficial for chemistry studies. Participants discuss the importance of knowing these compounds and their charges, noting that many common molecules are ions, with positive ions referred to as cations and negative ions as anions. The conversation highlights the need for foundational knowledge in chemistry to facilitate problem-solving and understanding of chemical reactions.