Android SDK Location
Answer :
Update v3.3

Update:
Android Studio 3.1 update, some of the icon images have changed. Click this icon in Android Studio.

Original:
Click this icon in Android Studio for the Android SDK manager

And your Android SDK Location will be here 
Do you have a screen of the content of your folder? This is my setup:


I hope these screenshots can help you out.
The Android SDK path is usually C:\Users\<username>\AppData\Local\Android\sdk.
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