If there are $n_{1}$ aliens and $n_{2}$ humans and we want to put $k_{1}$ aliens and $k_{2}$ humans on a team, there are ${n_1\choose k_1} \cdot {n_2 \choose k_2}$ ways to do this.
What if we do not want ET, an alien, and Bob, a person, to be on the team? Then how many teams can be made? There are three cases (two ways in which we can have one on, other off and one way in which we can have both off). So there are ${n_1 - 1\choose k_1- 1}{n_2\choose k_2} + {n_1\choose k_1}{n_2 - 1\choose k_2-1} + {n_1 - 1\choose k_1 - 1}{n_2 - 1\choose k_2 - 1}$ ways.
Are these correct? I'm less certain about the second reasoning.
No, this is wrong. The cases where Bob and ET are both not on the team are included in all three counts.
Hint: Inclusion-exclusion principle