This problem occurs due to theme compatibility issue. All you have to do is first navigate to res/values/styles.xml in the project view.There look for base application theme which by default should be the fourth line. It'd look similar to the following:
<style name="AppTheme" parent="Theme.AppCompat.Light.DarkActionBar">
Now, you just have to add 'Base. to the parent.
<style name="AppTheme" parent="Base.Theme.AppCompat.Light.DarkActionBar">