I recommend you design for xhdpi, you can always resize for lower dpis.
Take into account that dpi is not related to screen size, on the other hand, on large tablets, the screen has less dpi than most "modern" phones.
Make a layout for the size of the target screen, that is, 10 "and 7" tablets, the system will take the best bitmap for your dpis device (or close the closest!).
With the latest (beta) Android SDK and the Eclipse plugin, you can better understand the screens of different devices: dpi resolution + pixel + screen size. Now they show that for exaple, for example
7" WSXVG (Tablet) (1024x600: mdpi)
in the layout editor.
source share