What are the steps to performing the following transformation and then graphing it?

Question

Transformation: compress f(x) = |2x| - 3 vertically by a factor of 1/4.

Answer 1

Take |x|
shrink it horizontally by a factor of 2: |2x|
shift it down 3: |2x|-3
Now shrink it vertically by a factor of 4: (|2x|-3)/4

http://www.wolframalpha.com/input/?i=plot+y%3D|x|%2C+y%3D%28|2x|-3%29%2F4