Step 1 :Observe the given sequence: \(\frac{7}{1}, \frac{11}{2}, \frac{15}{6}, \frac{19}{24}, \frac{23}{120}\)
Step 2 :Notice that the numerator of each term is increasing by 4 and the denominator seems to be the factorial of the term number.
Step 3 :Attempt to formulate a general formula for the nth term of the sequence.
Step 4 :Based on the pattern, the formula for the nth term of the sequence is \(\frac{3 + 4n}{n!}\)
Step 5 :Final Answer: The formula for the nth term of the sequence is \(\boxed{\frac{3 + 4n}{n!}}\)