Answer
$y=|x|+0.25$
Work Step by Step
The graph of $y=|x|+k$, where $k$ is a positive number, translates the graph $y=|x|$ up $k$ units.
By substituting $0.25$ in for $k$, we can translate the graph $0.25$ units up.
This gives us the equation $y=|x|+0.25$.