This thread is resolved. Here is a description of the problem and solution.
Problem: What does the Media Translation Setup Process include?
Solution: The process is to complete the installation of WPML media installation. It sets this setting properly if it's not done. https://wpml.org/wp-content/uploads/2019/04/wpml-media-translation-settings.png
Relevant Documentation: https://wpml.org/documentation/getting-started-guide/media-translation/
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