I just recently started getting into Android development. I feel this is a very stupid question but I'll shoot anyway since I've spent an hour on this already. I am currently trying to run a project on my device, with no changes to what Android Studio gave me. I think this image should describe my problem better:

When running I get Failure [INSTALL_FAILED_OLDER_SDK].
I can't understand why they are not compatible. Rather, why does minSdk say API 20 when minSdkVersion on build.gradle says 15? I've tried adding uses-sdk on manifest.xml but I figured that would be unnecessary since my build.gradle file will overwrite that (it didn't work also).
Am I missing some kind of setting here?
For some reason, using 'L' as the targetSdkVersion makes it so the minSdkVersion is ignored. You should set the targetSdkVersion to something other than L.
It's not a bug. It's a feature :).
If you compile against a preview platform, you can only run on a preview platform.
You should set targetSdkVersion and compileSdkVersion to API 19.
You can read more about this problem here:
Issue 72617: Android Studio Compatible: No, minSdk(API 20, Lpreview) != deviceSdk(API 19)
Issue 72453: Setting sdkCompileVersion to 'android-L' creates an apk with 'L' as minSdk regardless of a lower minSdkVersion value
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