Jim's teacher asked him to determine whether a sample of a substance contained iron.
Conclusion
The substance has iron.
Evidence
A magnet was attracted to the substance, and magnets attract iron.
Evaluate
Consider this analogy --
We would object by saying
This is the famous Necessary vs. Sufficient flaw. We were given a conditional rule: Iron in it → Magnet is attracted.
From that rule Jim thought, He's reasoning backwards through that conditional statement, a.k.a. confusing the sufficient condition with the necessary condition.
Goal
Similarly, Jim is failing to consider that magnets might be attracted to other things besides iron. Maybe they're also attracted to nickel and copper.
The fact that the magnet was attracted to the substance doesn't prove it's iron, because there might be other things besides iron that magnets are attracted to.