To find the maximum number of intersection points formed by the diagonals of a convex octagon, we need to determine how many unique points are created by the crossing diagonals inside the polygon.
The number of ways to choose $ k $ items from a set of $ n $ items (without regard to the order of selection) is given by the combination formula:
$ \binom{n}{k} = \frac{n!}{k!(n-k)!} $
Using the combination formula with $ n = 8 $ and $ k = 4 $:
$ \binom{8}{4} = \frac{8!}{4!(8-4)!} = \frac{8!}{4!4!} $
Let's calculate the value:
$ \binom{8}{4} = \frac{8 \times 7 \times 6 \times 5}{4 \times 3 \times 2 \times 1} $
$ \binom{8}{4} = \frac{1680}{24} $
$ \binom{8}{4} = 70 $
Thus, the maximum number of intersection points formed by the diagonals of a convex octagon is 70.