My application targets API 17 but the min Sdk version is the 8. In the layout design preview page I can se how my layout appears on an API 17 version, but if I click on the
It seems like 17 is the only available API level for preview at the moment.
I have all the SDKs installed correctly and it appears the same as yours.
UPDATE
Actually I found out what the problem was: when you install Android Studio, by default it uses its own Android SDK (located in the Android Studio.app/sdk folder), instead of the ones you downloaded (for example to use with Eclipse).
So I simply had a misalignement between the SDK I thought I was using and the ones I was actually using. To solve this you have 2 options:
-from Android Studio select File -> Project Structure. Under "platform settings" you can add your (updated) downloaded SDK folder and use it for your projects.
-open the Android Studio SDK manager and install also the older android versions SDKs