Yeah, should be no problems. I did a similar placement (only 3 weeks though) at Warwick University in the computer science department. They had me checking components, building and testing student laboratory work (things like programming a miniature elevator, solving problems with department labs - as I recall, one of them involved working out why a high speed camera was showing flickering on the images it recorded - turned out the dimmable bar lights they were using we're operating at a different frequency to mains voltage - we determined that with an oscilloscope, light meter and solar cell.)
Didn't need to know anything before hand, learnt a load on how to read datasheets, programming basics, soldering, hardware communications protocols - it set me up and now I'm a fully qualified professional electronics engineer having studied it at university - thanks in part to that work placement because it was such a great experience.
Yeah - go along, have fun, ask questions, aim to learn loads when you're there - if you're sorting out resistor trays then do it quickly and ask if you can be involved in some more interesting problems or a small project of your own. Golden rule - if you don't ask, you don't get.
Best of luck with it
Stu Haynes MEng