To find the common difference of the arithmetic sequence, we subtract any term from the term that follows it.
Let's calculate the common difference using the first two terms:
First term: \( a_1 = \frac{7}{4} \)
Second term: \( a_2 = \frac{3}{4} \)
Common difference \( d \) is given by:
\[ d = a_2 - a_1 = \frac{3}{4} - \frac{7}{4} = \frac{3 - 7}{4} = \frac{-4}{4} = -1 \]
Thus, the common difference \( d \) is:
\[ d = -1 \]
The correct answer is \( d = -1 \).