Calculating resistance and resistivity requires specific data, including current (I) alongside voltage (V), diameter, area, and inverse area values. Without the current value, it is impossible to determine resistance or resistivity accurately. The discussion highlights the frustration of not having all necessary data during a lab experiment, emphasizing the importance of understanding theoretical concepts before conducting practical work. Participants suggest consulting lab partners or instructors for missing information and stress the value of knowing expected outputs prior to the lab. Overall, thorough preparation and theoretical knowledge are essential for successful lab outcomes.