It's still possible to get a 50 if you smash the exam, but that's going to be very tough. One of the 50s in Biology came from someone who got B+ SACs. And the dux (99.95) last year got B+ on his first English SAC.
Honestly, while SACs are important, you don't have to full-mark each one. All you need to do is maintain good grades. As my chem teacher says, "it's only 1 mark out of 200 out of 33%..."...which is less than 1% of your study score.
Your hypothesis is your educated guess. And it has to be falsifiable. That is, it can be proven to be incorrect. Your hypothesis can never be proved, only supported, but it can always be disproved.
The thing about your hypothesis, is that how are you going to test if the hypothalamus really does cause vasodilation in the arteries? How will you test that the arteries cool the body most effectively? There are other systems at play here too; decreased thyroxine production, decreased metabolism, decreased muscle movement...
For me my hypothesis would be that "The skin temperature will be lower immediately after the exercise than before, due to negative feedback. The temperature will then be elevated significantly by the removal of excess heat after exercise. As time progresses, the skin temperature will decrease gradually to its original temperature. The breath rate and CO2 levels will rise immediately after the exercise but it will slowly decrease to normal levels."
If you've read over homeostasis you should know that the graph for body temperature sort of resembles a sine graph.
When you finish with your hypothesis, check: can it be falsified? We can measure heat, using a thermometer (or whatever we are really using). We can count the number of breaths per minute. The teacher is giving us something to measure CO2 levels. So yes.
For getting the marks, make sure you know the topic well enough. It's all about applying, not memorising.