**Q:** *Is every compound Poisson distribution a mixed Poisson distribution?*

**A:** No. Every mixed Poisson distribution has a variance greater than or equal to the mean. The compound Poisson distribution is not so constrained.

If the i.i.d. random variables that are compounded have mean $\mu$ and variance $\sigma^2$, then the compound Poisson distribution has mean $\lambda t\mu$ and variance $\lambda t\sigma^2$ (adding $N(t)$  variables with rate $\lambda$). So the variance will be smaller than the mean if $\sigma^2<\mu$