Installing Android Studio, does not point to a valid JVM installation error

Question

I just downloaded the Android Studio. While trying to run it, I had to modify the environment variable and add

JAVA_HOME

and

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Answer 1

It is absolutely possible that all other answers work for people but for me this path worked:

Leave your JDK path under JAVA_HOME System Variable as it is given here. Do not append bin or another path. It worked for me.

C:\Program Files\Java\jdk1.8.0_11\

Otherwise I am getting this error:

Installing Android Studio, does not point to a valid JVM installation error