Android Studio: No CPU/ABI system image available for this target

Problem: creating new Android Virtual Device (AVD) in Android Studio - error:
No CPU/ABI system image available for this target  (Android 4.4.2 - API level 19 )

 

Solving:

1.  Close Android Virtual Device Manager

2.  Open "SDK Manager"

 

3. Enable checkbox  "Android 4.4.2 (API 20) " and click  "install packages"

    

4.  Open Android Virtual Device Manager and create AVD