Android Studio installation on Windows 7 fails, no JDK found

Question

I downloaded Android Studio and attempted to launch the program.

This is running on Windows 7 64-bit with Java 1.7. During the installation my Java 1.7 is detected,

Answer 1

Install the latest JDK in your system from JDK 7 and JRE 7 Installation Guide.

JAVA_HOME -> C:\Program Files\Java\jdk1.7.0_4
path -> C:\Program Files\Java\jdk1.7.0_4\bin