That isn't the way EE's are trained in my experience. When new hardware is designed that is outside the EE's experience there is usually an evaluation board available from the manufacturer. They get one of those in house, read the application notes and data sheets, and use their test equipment to observe the 'proper' signal levels and waveforms on a correctly implemented system.

Then they add this part to their design, and lay out the schematic and the printed circuit board according to best practices by the manufacturer. Once the first boards return they put measure the signal levels and waveforms in their circuit to verify they are with the specifications and that they match the ones on the eval board. Then they will 'corner' test the circuit (corners are low/hi temperature range, low and high voltage range) and verify it continues to work according to specification at all the 'corners' (if it does then you are generally ok with assuming it will work at all points "inside" those for corners.)

There are people who are either in a hurry or don't care who wire something up according to the application note, power it up once and call it 'good'. I've seen a number of cost reduced 'clone' equivalents that meet that description. @kens has done a number of blog posts that show this sort of mentality in detail.

On the first try? I would hope that hardware manufacturers don't take the engineers' first attempt and immediately go into mass production.

That is still an avoidable error. You shouldn't be adding parts without understanding how they work or how they will affect your circuit as a whole.