To calibrate your hygrometer, take a mug/glass and place in it 1/2 cup of salt and 1/4 cup of water. It should make a sort of slush. Place the whole mug in a large ziploc bag, and place your hygrometer in the bag with it. Seal it up and leave it for 24 hours. Take the reading at the end of the 24 hours and a correctly calibrated hygrometer should read 75%. If it reads higher or lower than that, that is how much your hygrometer is off. Actually - this would be a good experiment to do with your class anyway, right?
Once you know how much it is off, you can more accurately gauge your humidity. For example if it reads 80% at the end of the 24 hours, you know it reads 5% high and throughout incubation you can adjust accordingly.
IMHO, 40-50% is a little high. Most people aim for 30-40% but some opt for "dry incubation" which means they don't add water to the incubator at all unless the humidity drops below 20%.
As for the thermometer, there is a way to calibrate it that involves ice water. I'm not clear on the details but if you search on the forum hopefully you can find out more about that. I used a far less scientific method to calibrate mine at time of purchase. I went to
Walmart and looked at all of the thermometers (analog style - the digital ones are notoriously inaccurate and besides, with no batteries in them they display no reading prior to purchase anyway) and noticed that 90% of the thermometers read 75 degrees. So I determined that
Walmart had their thermostat set at 75, and chose one that read "correctly". I did a further test of it at home which was to place it on top of my house thermostat and leave it for a couple of hours. At that time it read the same temp as my house thermostat, so I figured it was pretty accurate.