Step 1 :The period of a cosine function is given by \(\frac{2\pi}{|b|}\) where \(b\) is the coefficient of \(x\) inside the cosine function. In this case, \(b=\frac{1}{6}\).
Step 2 :The amplitude of a cosine function is the absolute value of the coefficient of the cosine function, which in this case is 1.
Step 3 :So, the period of the function \(y=\cos \frac{1}{6} x\) is \(\frac{2\pi}{|\frac{1}{6}|} = 12\pi\).
Step 4 :The amplitude of the function is \(1\).
Step 5 :Final Answer: The period of the function \(y=\cos \frac{1}{6} x\) is \(\boxed{12\pi}\) and the amplitude of the function is \(\boxed{1}\).