Android Studio Java Error

I was able to install the Android Studio without any errors;

But I keep getting the following error when trying to launch the application.


The environment variable Java_Hove )with the value of C:\Program Files\Java\jre1.8.0_45\bin\) does not point to a valid JVM installation.


I have reinstalled JAVA and Android Studio multiple times and I still get the error.


Anybody know why?