If I know that $X$ and $Y$ are r.v that are positive and have non zero variance such that $X \perp Y$, how can I show that the random variables $W= X + Y$ and $Z = XY$ are positively correlated (i.e. $\operatorname{Cov}(W, Z) > 0$).
My solution: \begin{align} \operatorname{Cov}(W, Z)&= E[WZ] - E[W]*E[Z]\\ &= E[XY] - E[X] * E[Y]\\ &= E[X]^2 - 2E[X]^2 \end{align} vhich simplifies to $\operatorname{Cov}(W,Z) =-E[X]^2$.
Is this correct or am I wrong? Please let me know and what the right approach is.
Too long for a comment. You should more carefully expand $W=X+Y\,:$