What are the steps for graphing absolute value linear equations and inequalities?

Answer 1

The graph is a V. From the 0,0 draw a line with slope = 1 to the right of the y axis and draw a line with slope = -1 to the right of the y axis. For y<|x|. All you have to do is shade in the area below the V. If y>|X|, all you have to do is shade in the area above the V. Less than, shade below; greater than, shade above. That should answer all the questions you've submitted.

And no, absolute values do not form parabolas. Some do, not all. Like y = sqrt[|x-1|]. This forms 2 graphs each going away from each other.
Nice going NerdyKid. You're not a nerd, you're a dork.